Trading Assistant Flashcards

1
Q

How many times does the long hand of the clock pass the short hand between midnight one day and midnight the following day? As both hands are together at the starting time of midnight this does not count as a pass.

A

21

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2
Q

How can you make the following equation true by drawing only one straight line: 5+5+5=550 Can you figure it out?

A

There are two ways to do so:
Draw a line on the first plus sign to turn it into a 4.
Change the equal symbol to a crossed-out equal symbol which means “not equal to.”

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3
Q

What number do you get when you multiply all of the numbers on a telephone’s number pad?

A

Zero, because any number multiplied by 0 will always equal 0.

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4
Q

You go to the doctor because you are ill, and he prescribes you with three pills and tells you to take them every half hour. How long do the pills last you?

A

An hour because the first pill doesn’t take 30 minutes to take.

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5
Q

Where can you add 2 to 11 and get 1?

A

On a clock

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6
Q

Once I’m 24. Twice I’m 20. Three times I’m inappropriate. What am I?

A

The letter “X”

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7
Q

In a lake, there is a patch of lily pads. Every day, the patch doubles in size. If it takes 48 days for the patch to cover the entire lake, how long would it take for the patch to cover half the lake?

A

The patch doubles in size every day and so on the 47th day the patch will be half the size it is on the 48th day.

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8
Q

An apple is 40 cents, a banana is 60 cents. and a grapefruit is 80 cents. How much is a pear?

A

Forty cents, because the price of each fruit is calculated by multiplying the number of vowels by 20 cents.

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9
Q

Anna wrote all the numbers from 300 to 400 on a piece of paper. How many times did she write the digit 3?

A

She wrote it 120 times.

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10
Q

How many days are there in 4 years?

A

The answer is 1461, because (365 x 4) + 1. One of the years is a leap year.

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11
Q

A bat and a ball cost $1.10. The bat costs one dollar more than the ball. How much does the ball cost?

A

The ball costs 5 cents, not 10 cents. If one dollar more than 10 cents is $1.10, then $1.10 + 10 cents is $1.20. Therefore, the ball costs 5 cents.

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12
Q

Harry is 54 years old, and his mother, Anna, is 80. How many years ago was Anna three times the age of her son Harry?

A

41 years ago

Use algebra to prove

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13
Q

You have accidently left out the plug and are attempting to fill the bath with both taps full on. The hot tap takes 6 minutes to fill the bath. The cold tap takes 2 minutes and the water empties through the plug hole in 4 minutes. In how many minutes will the bath be filled?

A

2 minutes and 24 seconds

Hot tap fills bath at rate 1/6 baths per minute

Cold tap fills bath at 1/2 baths per minute

Water leaves the bath at a rate of 1/4 baths per minute

0.1667 + 0.5 - 0.25 = 0.41667 baths per minute

1/0.41667 = 2 minutes and 24 seconds

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14
Q

The day before yesterday I was 21, and the next year, I will be 24. What day is my birthday?

A

31st December, because it must be on the 1st of January, when I turned 22 and so 21 the day before. As it is now a new year, I will be 23 this year and so 24 next year.

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15
Q

If it were two hours later, it would be half as long until midnight as it would be if it were an hour later. What time is it now?

A

9 p.m.

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16
Q

A man is walking down a street night at a constant pace. As he passes the street light, he notices that his shadow becomes longer. Does the top of his shadow move faster, slower, or the same when the shadow is longer than when it is shorter?

A

This point maintains a constant speed, independent of the length of the shadow.

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17
Q

John, Mark, and Henry are three brothers. Interestingly, their current age is prime. What’s more interesting is that difference between their ages is also prime. How old are they?

A

Mark is 2, John is 5, and Henry is 7. Age diff 7 – 2 = 5 is prime; 7 – 5 = 2 is prime; 5 – 2 = 3 is prime.

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18
Q

Divide 20 by half and add 30, what do you get?

A

Seventy, because 20 divided by ½ = 10 + 30 = 70.

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19
Q

There are twelve kids in a classroom. Six kids are wearing socks and 4 are wearing shoes. Three kids are wearing both. How many have bare feet?

A

Five kids have bare feet.

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20
Q

There are 25 red balls, 47 green balls. and 3 blue balls in a basket. There is a blind man. What is the minimum number of balls that the blind man has to pick to make sure that there are at least 2 balls of different colors?

A

48 balls. There is a small chance he may pick up 47 green balls in a row.

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21
Q

Nathan has 8 bricks. Seven of them weigh the same amount and one is slightly heavier. Using a balance scale, how can Nathan find the heavier brick in two weighings?

A

First, he splits them in to piles of 3, 3, and 2 bricks. Then he weighs both groups of 3 with each other. If they balance, he knows the brick is one of the 2 not-weighed bricks and he can weigh them to find the heaver one. If the stacks of 3 bricks do not balance, he will weigh 2 of the 3 bricks. If they balance, he will know the brick left not weighed is heavier, or if they do not balance, he will find the heavier one.

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22
Q

Joe has ten coins totaling $1.19. From these coins, he cannot make exact change for a dollar, half-dollar, quarter, dime, or nickel. What coins does he have?

A

A half-dollar, a quarter, four dimes, and four pennies.

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23
Q

Sally and Sarah were preparing to have a water balloon fight. “No Fair” cried Sally, “You have 3 times as many as I do!” Sarah said “Fine!” and gave Sally 10 more balloons. “Still not fair!” argued Sally, “You still have twice as many as I do.” How many more balloons must Sarah give Sally for them to have the same number?

A

Sarah must give Sally another 20 water balloons, giving them each 60. Sally started with 30 water balloons and Sarah with 90.

Sally = x
Sarah = y

y = 3x

y - 10 = 2(x + 10)

y = 2x + 30
y = 3x

x = 30

y = 90

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24
Q

Two people in front of two people, two people behind two people, and two people beside two people. How many people are there?

A

Four

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25
Q

American currency

A

Dollar = 1
Half dollar = 0.5
Quater = 0.25
dime = 0.1
nickel = 0.05
penny = 0.01

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26
Q

A 300 ft. train is traveling 300 ft. per minute and must travel through a 300 ft. long tunnel. How long will it take the train to travel through the tunnel?

A

Two minutes because it takes the front of the train one minute and the rest of the train will take two minutes to clear the tunnel.

27
Q

Tom is in charge of shipping and he can place 10 small boxes or 8 large boxes into a carton. A total of 96 boxes were sent in one shipment. The number of small boxes was less than large boxes. What is the total number of cartons he shipped?

A

11 cartons
If a total of 96 boxes are shipped, then the large boxes in the cartons must be a multiple of 8, which means either 16 or 56 large boxes. Since there are more large boxes in the cartons then the small ones, the number of large boxes must be 56. The number of small boxes is reduced to 96 – 56 = 40. Therefore, the total number of cartons shipped can be figured out this way:
56/8 + 40/10 = 7 + 4 = 11

28
Q

If X is an odd number, when a letter is taken away from X and it becomes even. Which is that number?

A

Seven (Seven-S=Even)

29
Q

A man is twice as old as his little sister. He is also half as old as their dad. Over a period of 50 years, the age of the sister will become half of their dad’s age. What is the age of the man now?

A

M = 2S

2M = D

2(S + 50) = D + 50

2S + 50 = D

M + 50 = 2M

M = 50

30
Q

I am a three-digit number. My tens digit is six more than my one’s digit. My hundreds digit is eight less than my tens digit. What number am I?

A

193

31
Q

If seven people meet each other and each shakes hands only once with each of the others, how many handshakes will there have been?

A

Twenty-one

32
Q

Using only addition, how can you add eight 8’s to get the number 1,000?

A

888 +88 +8 +8 +8 =1,000

33
Q

What can you put between a 7 and an 8 so that the result is greater than a seven, but less than an eight?

A

A decimal because 7.8 is greater than 7, but less than 8.

34
Q

A duck was given $9, a spider was given $36, a bee was given $27. Based on this information, how much money would be given to a cat?

A

$18 ($4.50 per leg)

35
Q

A man dies of old age on his 25th birthday. How is this possible?

A

He was born on February, 29th.

36
Q

A nonstop train leaves Moscow for Leningrad at 60 mph. Another nonstop train leaves Leningrad for Moscow at 40 mph. How far apart are the trains 1 hour before they pass each other?

A

100 miles (60+40)

37
Q

Can you arrange four nines to make it equal to 100?

A

99+9/9 = 100

38
Q

I am four times as old as my daughter. In 20 years, I shall be twice as old as her. How old are we now?

A

I am 40 and my daughter is 10.

O = 4D

O + 20 = 2(D + 20)

4D = 2D + 20

D = 10

O = 4 x D = 40

39
Q

I asked a girl how old she was. She said, “In 2 years I will be twice as old as I was 5 years ago.” How old is she?

A

x + 2 = 2(x-5)

x + 2 = 2x - 10

2 = x -10

x = 12

40
Q

In a pond, there are some flowers with some bees hovering over them. How many flowers and bees are there if both the following statements are true:
If each bee lands on a flower, one bee doesn’t get a flower.
If two bees share each flower, there is one flower left out.

A

4 bees and 3 flowers

41
Q

Janie’s friends were chipping in to buy her a wedding shower present. At first, 10 friends chipped in, but 2 of them dropped out. Each of the 8 had to chip in another dollar to bring the amount back up. How much money did they plan to collect?

A

$40 (10 at $4, or 8 at $5)

42
Q

There are several books on a bookshelf. If one book is the 4th from the left and 6th from the right, how many books are on the shelf?

A

9 books

43
Q

What 3 positive numbers give the same result when multiplied and added together?

A

1, 2, and 3

44
Q

What is the value of 1/2 of 2/3 of 3/4 of 4/5 of 5/6 of 6/7 of 7/8 of 8/9 of 9/10 of 1000?

A

100

45
Q

When my father was 31 and I was 8. Now he is twice as old as me. How old am I?

A

The difference in age is 23 years, so I must be 23 if my father is twice as old as me.

Can use algebra to prove

46
Q

How to work out pay out of lay bet if back and lay commission are 0?

A

stake multiplied by (back odds / lay odds)

47
Q

When to back or lay on the exchange market?

A

We place a LAY bet when we think that the odds are too low and the possibility of the result is higher. We place a BACK bet when we think that the odds are too high, and then they will fall when other players and bookmakers realize that the odds should be lowered.

Example Man City to win is evens, but we actually think its a 60% chance they win (1.67), we therefore want to back the bet

This can be later hedged by laying if odds changed

Newcastle to not to win is available as a lay bet of evens, but we actually think its a 40% chance (2.5) that they win, we therefore want to lay the bet

This can be later hedged by backing the bet

48
Q

Lay betting explained?

A

Placing £10 on a 5/1 shot will win you a profit of £50. Straightforward.In effect, the formula is reversed when it comes to laying.To make a profit of £10, the layer would have to be willing to risk £50

So you basically are saying to someone else, I’ll take your bet on, ill act as the bookmaker

49
Q

What is arbitrage betting?

A

When the lay price is lower than the bookmaker price

50
Q

Why are back and lay odds slightly different on the exchange?

A

Due to commission, and the activity of the market, for example more people may more willing to lay a bet than back it, pushing the price up

51
Q

What are Pivot tables?

A

Tool used to quickly summarise data

Insert Pivot table, select data range

Choose what fields to add to table

52
Q

Expected value?

A

(Probabilty of winning x winnings) - (Probability of losing x stake lost)

eg. (0.6 x 10) - (0.4 x 5) = £4

53
Q

How to work out the implied probability from a fraction?

A

Denominator divided by the sum of numerator and denominator then x 100

3/1 = 1/4 x 100 = 25% chance

1/4 = 4/5 x 100 = 80%

54
Q

Probability fundamentals?

A

Event of a probability not occurring is 1 - probability of it occurring

If events aren’t mutually exclusive you add

If events are mutually exclusive (cannot happen simultaneously) you multiply

55
Q

Probability Venn diagrams?

A

A = all of A highlighted including the intersect

B = all of B highlighted including intersect

A’ = Everything highlighted except A and the middle

B’ = Everything highlighted except A

A U B = A and B and the middle highlighted

A n B = only the middle highlighted

56
Q

What is A | B?

A

= P(AnB)/ P(B)

57
Q

How to find the number of outcomes in a probability question?

A

Do the number of options to the amount of times picked

If probabilities vary then do a sample space diagram

58
Q

bet365 horse racing explained?

A

biggest scenario of this was during the grand national 2 years ago bet365 had this offer where they would refund up to £125 on each way bets placed on the grand national, they also had extra place offers on as well

option 1 was to only have 1 horse and the extra place was 5th, however not only does the come with a large liability on the exchange markets which at the same I was not able to stake, but it give you less opportunity to hit this 5th place winning position

works by you basically win on the exchange as well as bet365

therefore i decided to have 5 horses, not only did this minimize liability of the exchange market but gave me more oppurtunity to hit that extra place offer, it came off and ended profiting £200

59
Q

How to exchange currencies?

A

Treat it like x and y, get it down to what 1 is

60
Q

Learn to code with soccer Nathan Daunes?

A

Teaches Python, SQL (language used on large databases), and machine learning (makes own decisions)

61
Q

How does Asian Handicap work?

A

So lets say its evens for Man City - 2 goals

If they win by 3 bet wins, if they win by 2 bet is pushed, by 1, draw or lose, stake is lost. Winnings are multiplied by evens

Lets say its 10/1 Cambridge united +0.75, that means half our stake is on 0.5 and half is on 1. If they win or draw we at 10/1, if they lose by 1 goal, we lose half the stake, and push the other half, anything else we lose the bet

Lets say Liverpool is -0.25 at 5/1, so half our stake is on 0, half is on 0.5. If they win we win the bet, if they draw we push half and lose half

62
Q

What is spread betting

A

Eg. how many goals in a football match

You buy if you think outcome will be higher

Sell if you think it will be lower

2.8-3

If you placed £10 buy at 3 and 7 goals were scored you would make £40.

However if was 0-0 you would lose £30

63
Q

Job Specs for ION asset architecture

A

Monitoring trading platforms (looking for inconsistencies)
Looking at market behaviour
Communicating between traders and software developers

64
Q

Job qualities

A

Fast learner of applications
Attention to detail
Numeracy
Comfortable in own decisions
Initiative “learn to code with soccer” Nathan daunes