Thursday, July 30, 2015

Probability of finding a job


Problem:
A candidate is selected for interview for 3 posts.The number of candidates for the first, second and third posts are 3,4 and 2 respectively. What is the probability of getting at least one post?

Solution:
The probability the candidate does not get an offer from the first interview is 2/3. The probability she doesn’t get an offer from the second is 3/4, and the probability she doesn’t get an offer from the third is 1/2.

So the probability she does not get an offer at all is 2/3⋅/34⋅1/2=1/4. Here we are assuming (unrealistically) independence.

Thus the probability she gets at least one offer is 3/4.

We made the totally unreasonable assumption that job offers are given at random, that if there are 3 people interviewed, exactly one, chosen at random, will get an offer. That’s not quite the way the world works!

5 Pirates Fight for 100 Gold Coins Puzzle


Puzzle: 
There are 5 pirates in a ship. Pirates have hierarchy C1, C2, C3, C4 and C5.C1 designation is the highest and C5 is the lowest. These pirates have three characteristics : a. Every pirate is so greedy that he can even take lives to make more money.  b. Every pirate desperately wants to stay alive. c. They are all very intelligent.There are total 100 gold coins on the ship. The person with the highest designation on the deck is expected to make the distribution. If the majority on the deck does not agree to the distribution proposed, the highest designation pirate will be thrown out of the ship (or simply killed). The first priority of the pirates is to stay alive and second to maximize the gold they get. Pirate 5 devises a plan which he knows will be accepted for sure and will maximize his gold. What is his plan?



Solution:
To understand the answer,we need to reduce this problem to only 2 pirates. So what happens if there are only 2 pirates. Pirate 2 can easily propose that he gets all the 100 gold coins. Since he constitutes 50% of the pirates, the proposal has to be accepted leaving Pirate 1 with nothing.

Now let’s look at 3 pirates situation, Pirate 3 knows that if his proposal does not get accepted, then pirate 2 will get all the gold and pirate 1 will get nothing. So he decides to bribe pirate 1 with one gold coin. Pirate 1 knows that one gold coin is better than nothing so he has to back pirate 3. Pirate 3 proposes {pirate 1, pirate 2, pirate 3} {1, 0, 99}. Since pirate 1 and 3 will vote for it, it will be accepted.

If there are 4 pirates, pirate 4 needs to get one more pirate to vote for his proposal. Pirate 4 realizes that if he dies, pirate 2 will get nothing (according to the proposal with 3 pirates) so he can easily bribe pirate 2 with one gold coin to get his vote. So the distribution will be {0, 1, 0, 99}.

Smart right? Now can you figure out the distribution with 5 pirates? Let’s see. Pirate 5 needs 2 votes and he knows that if he dies, pirate 1 and 3 will get nothing. He can easily bribe pirates 1 and 3 with one gold coin each to get their vote. In the end, he proposes {1, 0, 1, 0, 98}. This proposal will get accepted and provide the maximum amount of gold to pirate 5.