starluv4ever asked:
you earn $10.00 a week doing chores for your grandmother. She realizes that you are trying to save money and offers you the following deal. You can be paid the $10.00, or you can pull two bills from a brown bag containing>
<>two $1.00
<>two $5.00
<>one $10.00
for example you might pull out a 5.oo, and 10.00 and that’ll give you 15.00.Or you can pull out 2 1.00 and that’ll give you 2.00
If you were given this option every week, which is better for you in the long run?
this is a mth probability question
Duncan
you earn $10.00 a week doing chores for your grandmother. She realizes that you are trying to save money and offers you the following deal. You can be paid the $10.00, or you can pull two bills from a brown bag containing>
<>two $1.00
<>two $5.00
<>one $10.00
for example you might pull out a 5.oo, and 10.00 and that’ll give you 15.00.Or you can pull out 2 1.00 and that’ll give you 2.00
If you were given this option every week, which is better for you in the long run?
this is a mth probability question
Duncan
January 17th, 2009 at 12:38 pm
who cares as long as I get paid
January 19th, 2009 at 11:57 am
Accept being paid $10 per week, it is consistent.
January 21st, 2009 at 11:20 am
is it necessary?
January 24th, 2009 at 12:39 pm
I’d go for the $10. The odds are better I’ll make more money over the long run. Plus, that bag will be empty in 3 weeks!
January 24th, 2009 at 10:21 pm
wow, nice grandmother
January 27th, 2009 at 9:59 am
The money from the dispersement.
For year which ends up in relation its just like would you will end up ahead while other you will.
The long run because somedays you take million dollars right now or penny doubled every day for year which ends up ahead while other you will end up ahead while other you will end up in relation its.
January 30th, 2009 at 11:09 am
There is a 0.5 chance per week that you will receive $10.00 or more, I can’t work out any more than that, sorry
January 31st, 2009 at 2:57 am
The bag there is no work to it.
February 1st, 2009 at 7:32 am
because if u get all the diff denominations on 4 diff times u get 33..
the least u may get if u go for bag is 8 for 4 times..
the most u may get is 60 for 4 times
calculate range
range= high denomin-low denomin
=60-8
ur range is 52
12 dollars extra wont hurt ur pocket will it??
February 4th, 2009 at 11:14 am
Take the $10…a bird in hand is worth two in the bush.
From a mathmatical standpoint, the conventional odds are greater that you will only wind up getting no more that $6