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Watch Deal or No Deal on TV or the Internet or play the online version. Calculate the expected value of a suitcase at the beginning of the game. Each time the banker makes an offer, record the remaining suitcase values and calculate the expected value. If you are watching a game that doesn’t end, you will need to complete the assignment the next show. In complete sentences, discuss whether or not you think the person should continue to play or have taken the deal at each offer.

  1. Deal or No Deal:
    http://www.nbc.com/Deal_or_No_Deal/
  2. Discrete Random Variable:
    http://www-stat.stanford.edu/~susan/courses/s116/node99.html

* Image copyright of NBC