Question: Barbara is interviewing 9 candidates for a position. As she interviews candidates, she can determine their relative rank but not their true rank. For example,

Barbara is interviewing 9
candidates for a position. As she interviews candidates, she can determine their relative rank but not their true rank. For example, if there are 5 candidates and their true rank is 4,2,5,1,3 and she has interviewed the first three, she would rank them 2,1,3. She interviews the candidates one at a time, and after each interview she must either offer the candidate the position or reject them. Once she rejects a candidate they are lost forever. She wants to decide on a strategy for deciding when to stop and accept a candidate that will maximize the probability that she gets the best candidate. Assume the candidates arrive in random order.

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