Switch or stick question, A number of years ago, there was

Switch or stick question

Reference no: EM1399918

A number of years ago, there was a popular television game show called Let's Make a Deal. The host Monty Hall, would randomly select contestants from the audience and, as the title suggests, he would make deals for prizes. Contestants would be given relatively modest prizes and would then be offered the opportunity to risk those prizes to win better ones. Suppose that you are a contestant on this show. Monty has just given you a free trip touring toxic waste sites around the country. He now offers you a trade: Give up the trip in exchange for a gamble. On the stage are three curtains, A, B , C. Behind one of them is a brand new car worth $20,000. Behind the other two curtains, the stage is empty. You decide to gamble and select curtain A. In an attempt to make things more interesting, Monty then exposes an empty stage by opening curtain C (he knows there is nothing behind that curtain C). He then offers you the free trip again if you quit now or, if you like, propose another deal (i.e, you can keep your choice of curtain A or perhaps switch to curtain B). What do you do? To help answer that question, try first answering these questions.

1. Before Monty shows you what's behind curtain C, what is the probability that the car is behind curtain A? What is the probability that the car is behind curtain B?

2. After Monty shows you what's behind curtain C, what is the probability that the car is behind curtain A? What is the probability that the car is behind curtain B?

Reference no: EM1399918

Questions Cloud

How to compute probability : Forty percent of the homes constructed in the Quail Creek area include a security system. Three homes were selected at random. What is the probability all three homes selected have a security system?

Describes the mechanisms of allus formation in the skin : A 20 year old man injures his right leg in a skiing accident. A Radiograph of leg revels a compund fracture of the right fibula. The leg is immoblized in a cast. Wehn the cast is removed, the pateint notices that acallus has appeared where the cas..

Quantitative or a categorical variable : Is a football jersey number a quantitative or a categorical variable? Support your answer with a detailed explanation

Computing probability-rules of probability : An insurance agent has appointments with four prospective clients tomorrow. From past experience the agent knows that the probability of making a sale on any appointment is 1 out of 5.

Switch or stick question : A number of years ago, there was a popular television game show called Let's Make a Deal. The host Monty Hall, would randomly select contestants from the audience and, as the title suggests

Analyze influence of religion on western civilization : Analyze the influence of religion on western civilization from fall of Rome to Age of Absolutism and the Reformation (up to 18th century if you would like).

Which of the following enymes regulates the synthesis : A 67 year old man with a history of cigarette smoking and systemic hypertension collapses suddenly ans is reshed to the emergency room. Laboratory sties and an EKG confirm an acute myocardial infarction. The pateint is stabilized in the intesive c..

Create functions in file : Create Functions in File and how to code this function - Declare function inputs, and outputs

Calculating the cpk : C-Spec, Inc., is attempting to determine whether an existing machine is capable of milling an engine part that has a key specification of 4+6 .003 inches.

User Account

All Pages