Wednesday, December 29, 2010
Gameshow and Urns
You are on a game show. You have 50 Red and 50 Green balls and 2 urns. You are free to distribute the balls among the 2 urns anyway you want. The host then randomly picks an urn and then randomly picks a ball from that urn. A Green ball means you win $1 MM, a Red ball or no ball means you win nothing. How should you distribute the 100 balls?
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ANSWER:
Put 1 green ball in one urn and but the rest of the balls in the other urn. This gives you a near 75% chance of winning
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