A group of crazy bank robbers try to crack a safe, even though they don't have a clue what the code is. The code has 5 numbers in, and the numbers on the dial range from 1 to 60. If they crack the safe, they get £100 billion.(That's a British billion - a million million). If they get the code wrong, they get caught and fined £1 million.

Assuming the bank robbers don't enter the same code twice, if they keep trying and re-trying until they crack the safe, are they more likely to have lost or gained money? If so, how much would they probably gain/lose?

There would be an expected loss of 288.8 billion British Pounds.

Posted by K Sengupta on 2023-08-20 22:42:21