Probability: Extra Problems
Arun Kumar, Ravindra Gokhale, and Nagarajan Krishnamurthy
Quantitative Techniques-I, Term I, 2012 Indian Institute of Management Indore
Government Run Lottery Systems
In a standard government run lottery in Europe and North America, you choose 6 out of 49 numbers (1 through 49). You win the biggest prize if these 6 are drawn. ( The prize money is divided between all those who choose the lucky numbers. If no one wins, then most of the prize money is put back into next weeks lottery.) You are oered two tickets (1,2,3,4,5,6) or (39,36,32,21,14, and 3). Do you prefer A, B, or are you indierent between the two?
Polio from diapers
Southampton, England: A man contracted polio from the soiled diaper of his niece, who had been vaccinated against the disease just days before. The probability of a person contracting polio from soiled diapers is literally one in three million, said consultant Martin Wale. What did Dr. Wale mean?
Terrorists
This is a story about a philosopher, the late Max Black. One of Blacks students was to go overseas to do some research on Immanuel Kant. She was afraid that a terrorist would put a bomb on the plane. Black could not convince her that risk was negligible. So he argued as follows: Black: Well, at least you agree that it is almost impossible that two people should take bombs on your plane? Student: Sure. Black: Then you should take a bomb on the plane. The risk that there would be another bomb on your plane is negligible. Whats the joke?
Taxicabs
You have been called to jury duty in a town where there are two taxi companies, Green cabs ltd. and Blue Taxi Inc. Blue Taxi uses cars painted blue; Green Cabs uses green cars. Green Cabs dominates the market, with 85% of the taxis on the road. On a misty winter night a taxi sideswiped another car and drove o. A witness says it was a blue cab. The witness is tested under conditions like those of the night of the accident, and 80% of the time she correctly reports the color of the cab that is seen. That is, regardless of whether she is shown a blue or a green cab in misty evening light, she gets the color right 80% of the time. You conclude on the basis of the information:
Taxicabs
The probability that the sideswiper was blue is 0.8. It is more likely that the sideswiper was blue, but the probability is less than 0.8. It is just as probable that the sideswiper was green as that it was blue. It was more likely than not that the sideswiper was green.
Monty Hall Problem
In the Monty Hall three doors problem, a contestant on a game show is asked to choose between three doors. Behind the two doors, there are goats. Behind the third door, there is a car. Once you picked one of the doors, the host of the game show opens one of remaining doors that has goats behind it. The host then gives the contestant a chance to switch to the remaining unopened door. What should the contestant do?