Math Problem Statement
Let’s say there a game with 20 sets of two doors, one door lets you continue and raise you price, at the risk of losing it all, whilst the other one stops you and gives you your reward immediately. So the risk of losing it all also increases by every door it starts at 5% and increases by 5% until it reaches the cap of 50% what would the chance of getting through all the doors be?
Solution
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Math Problem Analysis
Mathematical Concepts
Probability
Compounded Probability
Risk Analysis
Formulas
P(pass) = 1 - P(lose)
Total Probability = P_1 × P_2 × P_3 × ... × P_20
Theorems
Multiplication Rule of Independent Events
Suitable Grade Level
Grades 10-12
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