How many bottle caps?
I ran across the following problem and couldn't resist. The original inspiration was a Mountain Dew promotion.
Consider the following game: Suppose you have N bottle caps, each with the name of a different sports team on the underside. You win if you draw (with replacement) three of the same team. Note that a win is impossible for less than three draws and is guaranteed by the 2N+1 draw. For n draws, the probability of having some particular set of caps ,
, follows a Multinomial distribution:
The probability of not winning by the n'th draw is the sum of all the probabilities with





Then, the probability of not winning by the n'th draw, given that there are k teams with two caps, is
Thus, the probability of winning on the (n+1)'th draw is
If there are 30 teams, the chance of winning on the third draw is 0.1%. It takes about 18 draws to have a 50% chance of winning, 27 draws to have a 90% chance of winning, and 38 draws to have a 99.9% chance of winning.
2 comments:
Thanks for this Michael!
Having read this, I feel a lot better about not being able to solve this problem during the few hours I whiled away tackling it with a pencil, paper, and my intuition.
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