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April 20, 2014

April 20, 2014

Posted by **Tyga** on Thursday, April 1, 2010 at 10:41am.

door and then is rewarded with the prize behind the door

selected. If the doors can be selected with equal probability,

what is the expected value of the selection if the

three doors have behind them a $40,000 foreign car, a $3

silly straw, and a $50 mathematics textbook?

- MATH 157 -
**Reiny**, Thursday, April 1, 2010 at 11:41amEach door has a prob of 1/3

expected value

= 1/3( 40000 + 3 + 50 ) = 13351

- MATH 157 -
**Ty**, Thursday, April 1, 2010 at 1:00pmHow did you get this answer I want to make sure im doing this correctly, thank you.

- MATH 157 -
**Reiny**, Thursday, April 1, 2010 at 1:05pmexpected return on picking first door

= (1/3)(4000)

expected return on second door

= (1/3)(3)

expected return on third door

= (1/3)50)

so expected return on whole event

= (1/3)(4000) + (1/3)(3) + (1/3)(50)

= (1/3)( 40000 + 3 + 50 ) = 13351 as above

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