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calculation of probablity: 7 houses.....

 
 
Reply Thu 6 Jul, 2006 07:37 am
Hello all!

I am trying to buy a new house. Unfortunately there are more potential buyers than houses, so our county organised a sort of lottery.

There are 7 houses,

1
2
3
4
5
6
7

For each house a lottery number will be drawn; there are 70 numbers (70 potential buyers). After every selection all 70 numbers participate in the next lottery.

I know my chance to get house number 1 is 1/70, for house number two also 1/70 etc. etc.

Is my assumption correct that I have a chance of 7/70 or 1/10 to get at least one house, no matter which number???

Kind regards,
Martijn
The Netherlands
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Type: Discussion • Score: 1 • Views: 435 • Replies: 6
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Steve 41oo
 
  1  
Reply Thu 6 Jul, 2006 08:17 am
thinking

are you sure that the house winner still participates in the next draw

so that in theory one person could win all seven houses?

for the first draw the chance is 7/70

but as each house can only have one owner (but apparantly one person can own more than one house) the next draw only has 6 houses for 70 people

i.e. 6/70

third draw is 5/70 etc

so total chance of winning at least one house is

(7+6+5+4+3+2+1)/70 = 28/70 = 0.4 or 40%

If the winner of the first house didnt participate in the next draw it would be 6 houses for 69 people so the probability of getting ONE house would be

7/70 + 6/69 + 5/68 + 4/67 + 3/66 + 2/65 + 1/64 = 0.412 or 41.2%

which feels about right because one would intuitively expect the chance of winning only one house would be greater than the chance of winning at least one house.

I'm editing this because I suspect its fundamentally flawed somewhere but I leave my calculation for others to point where I went wrong Laughing
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Steve 41oo
 
  1  
Reply Thu 6 Jul, 2006 08:30 am
dammit

you are right martjn

for the first house the chance is 1/70

and that is repeated total 7 times

so its 7/70 or 10%
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vinsan
 
  1  
Reply Thu 6 Jul, 2006 08:43 am
STEVE, YOU THOUGHT TOOO MUCH IN UR FIRST REPLY Laughing

AND ABOUT 2ND REPLY, WELL THOUGHT. :wink:
0 Replies
 
Steve 41oo
 
  1  
Reply Thu 6 Jul, 2006 11:33 am
vinsan wrote:
STEVE, YOU THOUGHT TOOO MUCH IN UR FIRST REPLY Laughing
thats my problem vins, too much thinking, not enough drinking Laughing

btw you would think Martjin might stop by to say thanks for the homework help :wink:
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markr
 
  1  
Reply Thu 6 Jul, 2006 11:42 am
With that logic, you'd have a 71/70 chance (greater than one) of getting a house if there were 71 houses.

The probablility of not winning any houses is (69/70)^7. Therefore, the probability of winning at least one house is 1-(69/70)^7, or 0.0958.
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Steve 41oo
 
  1  
Reply Thu 6 Jul, 2006 11:46 am
markr wrote:
With that logic, you'd have a 71/70 chance (greater than one) of getting a house if there were 71 houses.

The probablility of not winning any houses is (69/70)^7. Therefore, the probability of winning at least one house is 1-(69/70)^7, or 0.0958.
well done top markrs
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