Probability problem
Source: Bangladesh National Math Olympiad 2016 (Secondary)
March 3, 2018
probability
Problem Statement
Juli is a mathematician and devised an algorithm to find a husband. The strategy is:
• Start interviewing a maximum of prospective husbands. Assign a ranking to each person that is a positive integer. No two prospects will have same the rank .
• Reject the first men and let be highest rank of these men.
• After rejecting the first men, select the next prospect with a rank greater than and then stop the search immediately. If no candidate is selected after interviews, the person is selected.Juli wants to find the value of for which she has the highest probability of choosing the highest ranking prospect among all candidates without having to interview all prospects.
(a) (6 points:) What is the probability that the highest ranking prospect among all prospects is the prospect?
(b) (6 points:) Assume the highest ranking prospect is the person to be interviewed. What is the probability that the highest rank candidate among the first candidates is one of the first candidates who were rejected?
(c) (6 points:) What is the probability that the prospect with the highest rank is the person and that Juli will choose the man using this algorithm?
(d) (16 points:) The total probability that Juli will choose the highest ranking prospect among the prospects is the sum of the probability for each possible value of with ranging between and .
Find the sum. To simplify your answer use the formula
(e) (6 points:) Find that value of that maximizes the probability of choosing the highest ranking prospect without interviewing all candidates. You may need to know that the maximum of the function is approximately , where is a constant and is Euler’s number,