Question

In: Statistics and Probability

Quite a few years ago ,a popular show called lets make a… quite a few years...

Quite a few years ago ,a popular show called lets make a… quite a few years ago ,a popular show called lets make a deal appeared on network television.contestants were selected from the audience . each contestant would bring some silly item that he or she would trade for cash prize or prize behind one of three doors. suppose you have been selected as a contestant on the show.you are given a choice of three doors. behind one door is a new sports car. behind the other doors are a pig and a chicken -booby prizes to be sure.let's suppose you choose door no one.before opening the door the host who knows what is behind each door ,opens door two to show you chicken.he then asks you ,"would you be willing to trade door one for door three" what should you do ? REQUIRED TASKS 1,Given that there are three doors ,one of which hides a sports car ,calculate the probability that your initial choice is the door that hides the sports car .what is the probability that you have not selected the correct door? 2.Given that the host knows where the sports car is , and has opened door 2, which revealed a booby prize does this affect the probability that your initial choice is the correct one? 3.Given that there are now only two doors remaining and that the sports car is behind one of them,is it your advantage to switch your choice to door 3?( Hint: Eliminate door 2 from consideration. The probability that door 1 is the correct door has not changed from your initial choice. calculate the probability that the prize must be behind door 3. This problem was discussed in Movie 21 starring Jim sturgess, Kate Bosworth and Kevin Spacey)

Solutions

Expert Solution

using a tree diagram I have explained the answer.

given,

door 1 = sports car

door 2 = pig and chicken

door 3 = booby prizes

I have used the name Tony for example.

One solves this problem by comparing the probability of choosing the car if you stick with your original choice to the probability of choosing the car if you switch after Tony opens the one door. Note that the car has an equal probability of 1/3 of being behind Door 1, Door 2, or Door 3.

First, suppose that your strategy is to stick with your original choice of Door 1. Then you only win if the car is behind Door 1 so that your probability of winning is 1/3.

Next, suppose that your strategy is to switch doors. We break this into three cases:

If the car is behind Door 1, Tony will open either Door 2 or Door 3 to reveal a pig & chicken or booby prizes. You switch to the other of Door 2 or Door 3, and in either case, you switched to a door with pig & chicken or booby prizes behind it (remember, the car is behind Door 1).

If the car is behind Door 2, Tony will open Door 3. This is because he always opens a door with pig & chicken or booby prizes behind it, and he can't open Door 1 because that was your original choice. So the only door you can switch to is Door 2, which is the door with the car behind it. Ding! You win!

If the car is behind Door 3, Tony will open Door 2. This is because he always opens a door with pig & chicken or booby prizes behind it, and he can't open Door 1 because that was your original choice. So the only door you can switch to is Door 3, which again is the door with the car behind it. Ding! You win!
So if your strategy is to switch doors, you win 2/3 = 1/3 + 1/3 of the time. (Remember, the probability is 1/3 that the car is behind any particular door.) Therefore, a better strategy is to switch doors - the calculated probabilities indicate that you are twice as likely to win if you do this!


Related Solutions

luluapple makes popular clothing. a few years ago Lulu apple introduced a new line of shorts,...
luluapple makes popular clothing. a few years ago Lulu apple introduced a new line of shorts, pants, and shirts. Management wants to make the amount of each product so as to maximize profits. Each type of clothing is routed through two departments A and B. the relevant data are as follows: product: Shirts, 2 hours of processing time in department A, and 1 hour in department B, and 2 meters of material required. product: Shorts, 2 hours of processing time...
Before shopping on-line became very popular with consumers a few years ago, 10% of retail outlets...
Before shopping on-line became very popular with consumers a few years ago, 10% of retail outlets in Greece closed their doors each year (i.e., went out of business). A random sample of 200 retail outlets across Greece  which were open at the beginning of 2015 were randomly selected for a study. At the end of 2015, 25 or these outlets were no longer open. At the .10 level of significance, is there sufficient evidence that the proportion of all Grecian retail...
Before shopping on-line became very popular with consumers a few years ago, 10% of retail outlets...
Before shopping on-line became very popular with consumers a few years ago, 10% of retail outlets in Canada closed their doors each year (i.e., went out of business). A random sample of 200 retail outlets across Canada which were open at the beginning of 2019 were randomly selected for a study. At the end of 2019, 25 or these outlets were no longer open. At the .10 level of significance, is there sufficient evidence that the proportion of all Canadian...
Few years ago, a well known liberal arts college decided to lower tuitions to make education...
Few years ago, a well known liberal arts college decided to lower tuitions to make education more affordable to its students. Very much to the surprise of the administration, the following year enrollment declined. Taking note, the college decided to raise tuition back to the previous level and use the extra money to provide students with laptops, tablets, etc, in effect maintaining the cost of college at the intended, lower level. The result: enrollment increased. Is this a violation of...
What is precision health? What made it popular in the last few years?
What is precision health? What made it popular in the last few years?
A few months ago, the upper management at a large corporation decided they wanted to make...
A few months ago, the upper management at a large corporation decided they wanted to make major changes in the organization. Leadership is concerned that employees may be resistant to the change, and they want to find out if there is a change management method that would help employees accept change more effectively and keep employee satisfaction high. Two methods they have considered are the ADKAR Framework and the Prosci Change Management Methodology. The company wants to implement a small...
A few years ago, it cost millions of dollars to outfit a store the size of...
A few years ago, it cost millions of dollars to outfit a store the size of a 7-Eleven with cameras and a high-performance computer server for cashierless technology. Now, it costs anywhere from $100,000 to $300,000 to outfit the same size store, depending on how many cameras and the type of hardware used. Based on this information, how quickly will cashierless technology diffuse?
A corporate bond was issued a few years ago at face value of $1,000 with a...
A corporate bond was issued a few years ago at face value of $1,000 with a YTM of 7% and quarterly paid coupons. Now with 12 years left until the maturity, the company has run into hard times and the yield to maturity has increased to 15%. 1) What is the bond price now? 2) Suppose the company defer the loss to future and will make good on the promised coupon payments. However, the deferred loss will finally drive the...
A few years ago there was a hazardous waste spill into the Danube River, coming from...
A few years ago there was a hazardous waste spill into the Danube River, coming from an aluminum processing plant. Some of the compounds in the sludge were iron oxide, aluminum oxide, silicon dioxide, calcium oxide, and titanium (IV) oxide. 1.Calculate the [Al3+] in a saturated solution of wavellite, Al3(PO4)2(OH)F2. Ksp=3.41 x 10-95 2. Calculate the solubility of wavellite in a solution of 0.15 M AlF3 (100% soluble).
Background: A few years ago, companies such as AIG, who had a hand in the cause...
Background: A few years ago, companies such as AIG, who had a hand in the cause of the economic downturn that has devastated our economy, were planning to give or actually gave out huge golden parachutes to the same executives who led and approved of the companies actions. Instructions: Please answer the questions below: 1) Perform a search of a CEO who has received a golden parachute. 1a) Who was the CEO? 1b) What was the company from where he...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT