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calreg11
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thank you guys for the response.
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probability of winning 1000 is 1/3. But winning 1000 does not satisfy the condition. The contestant needs to open all boxes correctly so that to win more than 1000. The probability of winning is thus 1/3 * 1/2, since 1/2 is the probability of opening the remaining 2 boxes correctly. This results in 1/6.
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Hi mikemcgarry

Had the question been, What is the probability of winning a Prize of 1000 or less?

Would the answer be 1/2?

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RzS
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For the contestant to win more that $1000, they must unlock the $1000 box and one of the remaining boxes. However, if two boxes are unlocked it is impossible not to unlock the third box. The probability of opening the first two boxes correctly is: (1/3)*(1/2)=1/6
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Hi mikemcgarry

Had the question been, What is the probability of winning a Prize of 1000 or less?

Would the answer be 1/2?

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RzS

It will be 1-1/6 = 5/6.

Thanks.
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On a game show, a contestant is given three keys, each of which opens exactly one of three identical boxes. The first box contains $1, the second $100, and the third $1000. The contestant assigns each key to one of the boxes and wins the amount of money contained in any box that is opened by the key assigned to it. What is the probability that a contestant will win more than $1000?

(A) 1/9
(B) 1/8
(C) 1/6
(D) 1/3
(E) 1/2

There aren't many possible outcomes, so let's start by listing all possibilities.

Let A, B and C represent the 3 boxes, and let a, b, c, be the keys for those boxes (in that same order).
A = $1 prize, B = $100 prize and C = $1000 prize

If the boxes are arranged as A-B-C, then these are all possible arrangements for the keys:
1) a - b - c. So, all 3 boxes are opened for a total prize of $1101
2) a - c - b. Box A is opened for a total prize of $1
3) b - c - a. Zero boxes are opened for a total prize of $0
4) b - a - c. Box C is opened for a total prize of $1000
5) c - b - a. Box B is opened for a total prize of $100
6) c - a - b. Zero boxes are opened for a total prize of $0

Only 1 of the 6 possible outcomes yields a prize greater than $1000

So, P(contestant wins more than $1000) = 1/6

Answer: C

Cheers,
Brent
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Hi All,

We're told that on a game show, a contestant is given three keys, each which opens exactly one of three identical boxes. The first box contains $1, the second $100, and the third $1000. The contestant assigns each key to one of the boxes and wins the amount of money contained in any box that is opened by the key assigned to it. We're asked for the probability that a contestant will win more than $1000. This question can be approached in a couple of different ways; 'brute force' works really well here (as Brent has shown). There's also a couple of 'logic shortcuts' that you can use to get to the correct answer without having to do too much math.

To start, with 3 keys, there are 3! = (3)(2)(1) = 6 different ways to assign the keys to the boxes.

From a logic standpoint, you can win 0 boxes, 1 box or 3 boxes -- you CANNOT win just 2 of the boxes (re: if you matched 2 keys and opened 2 boxes, then the last key would have to fit the last box... meaning that you would win all 3 boxes). The only way to win MORE than $1,000 is to win the "$1,000 box" and both of the other 2 boxes (since you can't win just one of them in addition to the $1,000 box).

With 6 possible arrangements of keys - and just 1 way to win all 3 boxes - the probability of winning more than $1,000 is 1/6.

Final Answer:

GMAT assassins aren't born, they're made,
Rich
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