SOLUTION: Suppose you are attending a Gambler�s anonymous meeting with 49 other people. A fellow attendee wants to bet you $1000 that no 2 people in the meeting were born on the same day of

SOLUTION: Suppose you are attending a Gambler�s anonymous meeting with 49 other people. A fellow attendee wants to bet you $1000 that no 2 people in the meeting were born on the same day of

Algebra.Com

Question 257352: Suppose you are attending a Gambler�s anonymous meeting with 49 other people. A fellow attendee wants to bet you $1000 that no 2 people in the meeting were born on the same day of the year. Statistically speaking, would it be wise to accept the bet?
Answer by edjones(8007) (Show Source): You can put this solution on YOUR website!
Let n=50
=.970 probability at least 2 people have the same birthday.
97% chance you lose the bet!
.
Ed
RELATED QUESTIONS
The company offers seminars on the important topic of a retirement planning. For a... (answered by ewatrrr)

suppose you go to a party with four americans and four canadians, none of whom you have... (answered by stanbon)

Suppose you go to a party with four Americans and four Canadians, none of whom you have... (answered by jim_thompson5910)

Suppose you play a game in which you make a bet and then draw a card from a deck that... (answered by stanbon)

There were 19 people at your latest Narcoleptics Anonymous meeting (there would have been (answered by stanbon)

Suppose that you are at a casino playing roulette. The strategy you are using is to,... (answered by ikleyn)

Suppose you are playing a game of chance. If you bet $5 on a certain event, you will... (answered by edjones)

There are 10 people in a meeting. In how many ways can you arrange your participants... (answered by ikleyn)

There is a meeting of 31 people. How many ways can one choose a team of two people from... (answered by ikleyn,kev82)