Imagine you are on a the game show "Let's Make a Deal" and are given the...

Imagine you are on a the game show "Let's Make a Deal" and are given the opportunity to select one closed door of three, behind one of which there is a prize. The other two doors hide goats or some other such non-prize, or nothing at all. Once you have made your selection, Monty Hall will open one of the remaining doors, revealing that it does not contain the prize. He then asks you if you would like to switch your selection to the other unopened door, or stay with your original choice.

a) What would you do? Stay? Switch? Explain your logic!
b) Would using simulation modeling be helpful in making your decision?

Expert Solution

Hope this helps !

orchestra answered 2 years ago

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