Question: Ten people are on a life raft in the middle
Ten people are on a life raft in the middle of the ocean. It is sinking and help is nowhere in sight. It has been determined that the raft is carrying too heavy a load and one person has to go overboard. No one wants to be that person. To be fair, they decided to draw lots. Ten straws were miraculously produced, 9 long and 1 short. They take turns drawing the straw. The first 6 people all drawn long straws, much to their relief. When it comes to the 7th person, he refused, saying the whole thing is not fair. He said the 1st person had 1 chance in 10 of going overboard, but he has 1 in 4. (4 straws left, 1 short and 3 long) The odds of 1 in 4 are a great deal larger than those of 1 in 10.Does he have a case? Is the procedure not fair?
Answer to relevant QuestionsA property manager is interested in exploring the relationship between the same price of a residential property and the appraised land value, home value and size value. The appraiser selects a random sample of 40 properties ...The rapid growth of C. R. Plastics over the last several years has resulted in the need for the company to expand production capacity. Historically, the company has run a single shift during the off-season and then added ...The vice president of a bank wishes to provide banking services so that the probability of the number of waiting customers being greater than 8 is less than .07. Would this condition be satisfied if the number of waiting ...Ling opened an annuity to save for a down payment on a home. The annuity was created with an initial deposit of $1,000 (end of year). At the end of each of the following ten years, a payment of $4000 is made into the ...Enrollment at MTSU in spring 2005 is 24,000 and it grows at a rate of 5% per year. What is the projected enrollment for spring 2010? a. 30,000 b. 30,631 c. 32,123 d. None of the above
Post your question