DEAL OR NO DEAL
Transcript: The Basics Contestants pick from numbered suitcases 26 suitcases total The values range from $0.01 to $1 million Banker frequently offers money to buy case MATH INVOLVED WITH THE GAME The banker averages the cases to find his offer. Lets do a practice Problem Someone has 5 cases left and $ on the board. $100, $400, $1000, $50,000, and $300,000 The banker offers her $80,000. Is that a good deal or not? Take 80,000/70,300=1.137. The offer is 13% higher than the mean Did you know? 403,291,461,126,605,635,584,000,000 Highest rejected $880,000 #6 and #17 - top value Over $25 million given away Works Cited "Deal or No Deal -- Math Fun Facts." HMC Math: Harvey Mudd College Department of Mathematics. N.p., n.d. Web. 1 May 2012. <http://www.math.hmc.edu/funfacts/ffiles/20002.6-8.shtml>. "Deal or No Deal Probabilities." Oracle Consulting, Oracle Support and Oracle Training byBC Oracle Consulting. N.p., n.d. Web. 1 May 2012. <http://www.dba-oracle.com/fun_deal_or_no_deal.htm>. "Deal or No Deal: Gambling With Math!." My Dollar Plan and Tax, Retirement and Personal Finance Tips. N.p., n.d. Web. 1 May 2012. <http://www.mydollarplan.com/deal-or-no-deal-gambling-with-math/>. "Deal or no deal." yahoo. N.p., n.d. Web. 27 Apr. 2012. <http://answers.yahoo.com/question/index?qid=20061106173902AAc48qj>. way, the, does not take into account utility of wealth (that is, an individual would more likely take a sure $100, 000 than a 50% chance of winning $210, 000 along with a 50% chance of winning $0 even though the latter yields an expected value of $205, and 000.). "Deal or No Deal: A Statistical Deal." Pearsonified — Best Damn Blog on the Planet. N.p., n.d. Web. 1 May 2012. <http://www.pearsonified.com/2006/03/deal_or_no_deal_the_real_deal.php>. MLA formatting by BibMe.org. Those numbers averaged is $70,300. $100,000 5 5/20 = .25 = 25% No deal (20 cases left)