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Sitting on the Fence (Posted on 2013-08-13) Difficulty: 3 of 5
Ann has a choice of two babysitting payment options:
  1. She can accept a flat rate of $15 for a night's work, or:
  2. She can choose two of six sealed envelopes containing $1, $1, $5, $5, $10 and a $20 bill.
(For example, the second option could leave Ann with as little as $2 or as much as $30 for a night's work.)

Assuming that Ann will have to babysit for a very long period of time, which is the better payment option for her?

No Solution Yet Submitted by K Sengupta    
Rating: 3.0000 (1 votes)

Comments: ( You must be logged in to post comments.)
  Subject Author Date
What's the problem?Steve Herman2013-08-14 00:05:22
re(2): solution, different resultDaniel2013-08-13 14:14:03
re(2): solution, different resultCharlie2013-08-13 13:54:51
re: solution, different resultHugo2013-08-13 12:39:55
solutionDaniel2013-08-13 10:27:59
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