Hey Steve,
in what country is your pal interviewing at the moment?
What exactly should I explain more detailed? Naturally, without any market information I'd set the spread wide enough if catching the true value would be the goal.
The thing is, I'm here without a strategy, too. That's why I'm...
Hey Mark,
The interviewer is looking for a confidence intervall from you around what you think is the true value of the variable. I.e. "make me a market on the money in my wallet". In this case you should make a quote large enough that you think the true value is with a confidence of around...