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Mastercard Data Science Interview Questions & Answers

Curated interview practice questions with answers. These are practice scenarios, not a verified list of past interview questions.

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01

What is a confusion matrix?

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A table of true positives, false positives, true negatives and false negatives from which accuracy, precision, recall and F1 are calculated.
02

What is a p-value?

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The probability of seeing a result at least as extreme as the observed one if the null hypothesis were true. A small p-value is evidence against the null, not proof that the alternative is true.
03

What is the difference between == and is?

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== compares values for equality, while is checks whether two names point to the same object in memory. Use is mainly for None checks.
04

Why are NumPy arrays faster than Python lists?

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They store same-type values in contiguous memory and run vectorised operations in compiled C, avoiding Python loop overhead and per-object type checks.
05

How do you remove duplicates from a DataFrame?

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df.drop_duplicates(subset=[...], keep='first') removes repeated rows; use duplicated() first to inspect what will be dropped.
06

Random forest vs a single decision tree?

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A forest averages many trees trained on bootstrapped rows and random feature subsets, which cuts variance and overfitting at the cost of interpretability.
07

What is the difference between generative and discriminative models?

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Discriminative models learn P(y given x) directly (logistic regression, SVM). Generative models learn the joint P(x, y) and can generate data (Naive Bayes, GANs).
08

How do you handle missing values?

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First understand why data is missing. Then drop rows or columns with too many nulls, impute with mean/median/mode or a model (KNN), add a 'was_missing' flag, and fit imputers on training data only.
09

How do you perform feature selection?

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Use filter methods (correlation, chi-square), wrapper methods (RFE), embedded methods (Lasso, tree importance) and domain knowledge, validating each choice with cross-validation.
10

How does a decision tree decide where to split?

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It tries candidate splits and picks the one that most reduces impurity — Gini or entropy (information gain) for classification, variance / MSE for regression.
11

How does a CNN work?

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Convolution filters slide over the input to detect local patterns, pooling reduces size, and deeper layers combine edges into shapes and objects. Used mainly for images.
12

What is the difference between regression and classification?

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Regression predicts continuous values such as price; classification predicts discrete categories such as spam or not spam.
13

What is correlation and why does it not imply causation?

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Correlation measures linear association between variables (-1 to 1). A third factor, reverse causality or chance can create it, so causation needs controlled experiments.
14

What is the attention mechanism?

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It lets a model weigh which input positions matter most for each output, computing weighted combinations of values from query-key similarity. It is the core of transformers.
15

Explain Bayes' theorem with an example.

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P(A given B) = P(B given A) x P(A) / P(B). In a medical test it converts test accuracy and disease prevalence into the real chance a positive result means disease.
16

How do you choose a learning rate for a neural network?

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Start with a sensible default such as 1e-3 for Adam, run a learning-rate range test, and use schedulers or warm-up while watching the loss curve.
17

What is the difference between parametric and non-parametric tests?

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Parametric tests assume a distribution (usually normal) and use means; non-parametric tests such as Mann-Whitney use ranks and make fewer assumptions.
18

How would you build a churn prediction model end to end?

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Define churn and the prediction window, build behavioural features, split by time, train and compare models, evaluate with recall and lift, explain drivers and monitor drift after deployment.
19

What is skewness?

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A measure of asymmetry. Right-skewed data has a long tail on the right (mean greater than median); left-skewed is the opposite. Log transforms often reduce right skew.
20

Pearson vs Spearman correlation?

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Pearson measures linear relationships on continuous data; Spearman uses ranks, so it captures monotonic relationships and is less sensitive to outliers.
21

CNN vs RNN vs Transformer — what is the difference?

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CNNs use convolutions to find spatial patterns (images). RNNs/LSTMs process sequences step by step but struggle with long context. Transformers use self-attention to look at all tokens at once — parallel and better at long-range context; they power modern LLMs.
22

Pandas: merge vs join vs concat?

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merge joins on columns, SQL-style (how='inner', 'left', ...). join joins on the index. concat stacks DataFrames along rows or columns.
23

Explain the KNN algorithm and its drawbacks.

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It predicts from the k nearest labelled points. It is simple but slow at prediction time, sensitive to scaling and irrelevant features, and weak in high dimensions.
24

How do you detect outliers?

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Use the IQR rule (below Q1-1.5 IQR or above Q3+1.5 IQR), z-scores beyond 3, box plots or model-based methods such as Isolation Forest, then decide whether to cap, remove or keep them.
25

How do you use groupby with multiple aggregations?

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df.groupby('region').agg(total=('sales','sum'), avg=('sales','mean')) gives named aggregations per group in one pass.
26

How do transformers differ from RNNs?

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Transformers use self-attention to process all tokens in parallel and capture long-range context, making them faster to train and more scalable than sequential RNNs.
27

What is gradient descent and what does the learning rate do?

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An optimisation method that updates weights in the opposite direction of the loss gradient. The learning rate sets the step size: too high and it diverges, too low and it is slow. Variants include SGD, mini-batch and Adam.
28

What is the bias–variance trade-off?

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Bias is error from overly simple assumptions (underfitting). Variance is sensitivity to the training data (overfitting). More model complexity lowers bias but raises variance — aim for the lowest total error using cross-validation and regularization.
29

What are decorators in Python?

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A decorator wraps a function to add behaviour such as logging, timing or caching without changing its code. It is applied with the @name syntax above the function.
30

What is cross-validation and why use it?

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Split the data into k folds, train on k−1 folds and validate on the remaining one, rotate and average the scores. It gives a more reliable estimate than one split and helps tune hyperparameters without touching the test set.
31

What is the difference between a set and a dictionary?

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A set stores unique values with no keys; a dictionary stores key-value pairs with unique keys. Both use hashing, so lookups are O(1) on average.
32

Difference between a shallow copy and a deep copy?

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A shallow copy duplicates the outer object but shares nested objects. A deep copy (copy.deepcopy) recursively duplicates everything, so changes to nested items do not leak.
33

What is PCA and when do you use it?

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It projects data onto orthogonal directions of maximum variance to reduce dimensions, remove correlation and speed up models, at some cost of interpretability.
34

What is data leakage?

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Information from outside the training window, such as future data or test statistics, enters training and inflates performance. Split first, then fit scalers and encoders on training data only.
35

Your dataset is highly imbalanced (2% positives). How do you handle it?

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Use stratified splits, class weights, resampling (SMOTE or undersampling) and threshold tuning, and judge the model with PR-AUC or F1 instead of accuracy.
36

Explain the Law of Large Numbers.

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As the number of independent trials grows, the sample average converges to the true expected value, which is why larger samples give more stable estimates.
37

What is a generator and when would you use one?

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A function using yield that produces values lazily, one at a time. It saves memory when processing large files or streams because the full sequence is never held in RAM.
38

How do you detect and treat concept drift?

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Monitor input distributions and live metrics, compare to training baselines, and retrain or recalibrate on fresh data when performance drops.
39

Write a function to calculate RMSE without any library.

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def rmse(y, p): return (sum((a - b) ** 2 for a, b in zip(y, p)) / len(y)) ** 0.5
40

What is NumPy broadcasting?

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The rule that lets arrays of different shapes operate together by virtually stretching the smaller one, for example adding a scalar or a (3,) vector to a (4,3) matrix.
41

What is transfer learning?

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Reusing a model pretrained on a large dataset and fine-tuning it on a smaller task-specific dataset, saving data, time and compute.
42

Explain p-value in simple words.

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The probability of seeing a result at least this extreme if the null hypothesis were true. A small p-value (for example < 0.05) is evidence against the null hypothesis.
43

What is batch normalisation?

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It normalises layer inputs per mini-batch and then rescales them, stabilising and speeding up training and allowing higher learning rates.
44

What is the difference between Bayesian and frequentist approaches?

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Frequentists treat parameters as fixed and use long-run frequencies; Bayesians treat parameters as distributions updated with data via priors and posteriors, giving direct probability statements.
45

What is backpropagation?

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It computes the gradient of the loss with respect to every weight by applying the chain rule backwards through the network, so gradient descent can update them.
46

What is sampling bias and how can you reduce it?

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Bias occurs when the sample does not represent the population. Reduce it with random or stratified sampling, higher response rates and by checking sample demographics against the population.
47

How does linear regression work and what are its assumptions?

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It fits a line minimising squared error. Assumes linearity, independent errors, constant variance (homoscedasticity), normally distributed residuals and no strong multicollinearity.
48

Explain precision vs recall. When would you prefer recall?

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Precision = TP / (TP + FP). Recall = TP / (TP + FN). Prefer recall when missing a positive is costly — for example disease screening or fraud detection.
49

What is overfitting and how do you prevent it?

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The model memorises noise and fails on new data. Prevent it with more data, simpler models, regularisation, cross-validation, early stopping and dropout.
50

How does dropout work?

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During training it randomly switches off a fraction of neurons so the network cannot depend on any single unit, acting as a regulariser against overfitting.
51

What are RNNs and why did LSTMs improve them?

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RNNs process sequences with a hidden state but struggle with long dependencies. LSTMs add gates that control what to remember or forget, easing the vanishing gradient.