A simple math problem…
A Simple Math Problem. I may have to save this example (or another in a similar form) as a general probability calculation question. I imagine a certain class of statisticians would find this easier than a second type.
Probability
Stats Professors and State Lotteries
Last month, Washington and Lee professor Scott Hoover announced that he intended to sue the Virginia State Lottery (a threat that became a lawsuit yesterday). Hoover, a business finance professor, wasn’t upset that he didn’t win the lottery–he was upset that it had become impossible to win the prize. His complaint is that the Virginia … Read more
Monty Hall still wants to make a deal
The New York Times recently highlighted a piece by M. Keith Chen that argues that some of the classic behavioral studies in psychology suffer from the Monty Hall Problem. The basic situation game: An actor is presented with three choices (doors), A, B, and C. There are two outcomes randomly distributed behind each door: a … Read more