Sunday, April 23, 2017

Probability 4

Pascal and Fermat are playing a coin tossing game. If head comes up Pascal gets a point whereas a tail fetches a point for Fermat. The first person to collect three points wins the game and gets the prize of Rs 12.  Unfortunately, the game is stopped abruptly with Pascal having 2 points and Fermat 1. So they decide to share the prize money in a ratio that matches the probability of them winning the game if it had continued. How should they divide the Rs 12?

Ans: Pascal 9 and Fermat 3

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