Help
Discrete Probability Distribution ???
Imagine you are in a game show, where
Now, let us start the money give-away! There are 4 prizes hidden on a game board with 16 spaces. One prize is worth $4000, another is worth $1500, and two are worth $1000.
But, wait!!! You are also told that, in the rest of the spaces, there will be a bill of $50 that you have to pay to the host as a penalty for not making the “wise” choice.
OK, you are lucky that you only have to pay $50 for making a bad choice. Imagine that you failed to answer the question asked by
in the Monty Python and the Holy Grail!
But, of course, it is a much kinder and gentler world now than the time of King Arthur and his knights.
In this modern game show, you are actually given a choice, a real choice.
Choice #1: You are offered a sure prize of $400 cash, and you just take the money and walk away. Period. No question asked…..
Choice #2: Take your chance and play the game…….
What would be your choice? Take the money and run, or play the game? Why???Hmmmm…….
You have to make a decision…… quick ……
