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Imagine a game show on television where one lucky contestant is presented with three upside-down buckets that are numbered 1, 2, and 3. Under one of the buckets is a 5-oz. gold bar. Under each of the other two buckets is a 1-oz. gold bar. After the game ends, the contestant will receive the gold bar that is under his or her bucket. The host of the game show asks the contestant to choose one of the three buckets. The contestant chooses bucket #1. After the contestant makes a choice, the host lifts up bucket #2 to reveal a 1-oz. gold bar under it. At this point, only two buckets remain uncovered: the bucket that the contestant originally chose (bucket #1) and the bucket that was not uncovered by the host (bucket #3) .
The host subsequently asks the contestant if he or she would like to keep the original bucket or change buckets to the only other bucket remaining. The contestant changes buckets from the original bucket (bucket #1) to the other bucket remaining (bucket #3) . When the contestant originally made the choice of bucket #1, the probability of the 5-oz. gold bar being under that bucket was . This means that the probability of the 5-oz. gold bar being under either bucket #1 or bucket #2 was . When the host lifted bucket #2 to reveal a 1-oz. gold bar under it, the probability of the 5-oz. gold bar being under bucket #3 is now ____________, while the probability of the 5-oz. gold bar being under bucket number #1 is still _____________.
Interviewing Employees
The process of asking potential hires questions to evaluate their suitability for a position within an organization.
People Meter
A device used to track the viewing habits of households for television ratings.
Nielsen
A global information, data, and measurement firm known for its market research and analyses.
National TV Ratings
Measurements that indicate the size and demographics of television audiences across a nation, often used for programming decisions and advertising rates.
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