Quant Boosters by Shubham Ranka, IIM Calcutta


  • Being MBAtious!


    p = prob (overnight born = boy| Next day chosen = boy)
    = prob (overnight born = boy AND Next day chosen = boy) / prob (Next day chosen = boy)
    = .5 * 4/T / (.5*4/T + .5 * 3/T) = 2/3.5 = 4/7 ~ .57


 

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