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
candidates for a position. As she interviews candidates, she can determine their relative rank but not their true rank. For example, if there are candidates and their true rank is and she has interviewed the first three, she would rank them 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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