The Monty Hall problem is based on the old television game show Lets Make a Deal, hosted

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The Monty Hall problem is based on the old television game show Let’s Make a Deal, hosted by Monty Hall. Suppose you are a contestant who has selected one of three doors after being told that two of them conceal nothing, but that a new red Corvette is behind one of the three. Next, the host opens one of the doors you didn’t select and shows that there is nothing behind it. He then offers you the choice of sticking with your first selection or switching to the other unopened door. Should you stick with your first choice or should you switch? Divide into groups of two and simulate this game to determine whether you should stick or switch. (According to Chance magazine, business schools at institutions such as Harvard and Stanford used this problem to help students deal with decision making.)

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Related Book For  answer-question

Mathematical Interest Theory

ISBN: 9781470465681

3rd Edition

Authors: Leslie Jane, James Daniel, Federer Vaaler

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