Deal Or No Deal: Make A Good Deal With The Bank
Imagine being a contestant on the popular game show Deal or No Deal. You are under a lot of stress and hoping you can win a million dollars. Your heart pounds each time you select a case to open. Then you hear the words that it is time to call the bank and get an offer. What would you do? Would you accept a guaranteed payment of tens of thousands of dollars? Or would you reject it and keep going for the million dollar jackpot?
Hopefully, well before you arrived at the television studio, you would have formulated a plan. So much of the action in Deal or No Deal depends on out and out luck based upon which case you select that it would probably be hard to stick with plan since you have no idea what type of scenario you would find yourself in.
Still, you could have some general guidelines to go by. If for no other reason, you could use them to judge whether the Deal or No Deal bank was making you a reasonable offer.
For instance, if there are nine cases left to open plus your original draw, then that gives you a total of 10 cases, so the odds of a particular dollar amount being in a particular case are...