Last Time | Next Time |
I've still got $10 that says that there are two people in here who have the same birthday. How much will you bet against me?
Let's take a poll, and see where folks sit:
$0 | |
between $0 and $5 | |
between $5 and $10 | |
$10 | |
between $10 and $15 | |
between $15 and $20 | |
greater than $20 |
Given equally likely outcome events, we first determine the number of outcomes possible in the sample space (e.g. toss of a single fair coin means two, roll of an ordinary fair die means six, craps -- roll of a red and blue die -- has a sample space of 36).
We then count how many of the outcomes consitute a "success"
To give you more confidence in the answer (and perhaps to learn more!), we may consider extending the game: what if we have ten doors, and, after you pick your door, Monty shows you eight doors with donkeys behind them. Would you switch for the remaining door? How much better is one strategy over the other?