Question: 1.3.22 Go back and take another look at Problem 2.29 from Chapter 2. For ease of notation, let us rename the numbers 5,10,...,100 on the
1.3.22 Go back and take another look at Problem 2.29 from Chapter 2. For ease of notation, let us rename the numbers 5,10,...,100 on the wheel as 1,2,...,20.
For any a = 1,2,...,20, let S
(a) denote the probability of candidate A winning if candidate A stops after the first spin giving a score of a points and let C(a)
denote the probability of candidate A winning if candidate A continues after the f
irst spin giving a score of a points. Use conditional probabilities to find first an expression for S
(a) andnextanexpressionforC(a).Derivefromtheseexpressions the optimal stopping rule for candidate A andthemaximalprobabilityofcandidate A winning. Repeat the calculations for the case where the numbers 1,2,...,100 are on the wheel rather than the numbers 1,2,...,20.
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