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Mathematics Forum
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| Author | Message / Information |
| brl7 Quote | Reply | | probability question posted on: 9/25/2006 7:14:55 PM There are two groups of buyers and a store with a single, indivisible good. Group 1 consists of N buyers, and each buyer visits the store with probability THETA. Group 2 consists of M buyers, and visits the store with probability ALPHA. If only one person arrives at the store, he/she is awarded the good with probability 1. If n >= 2 people arrive, the good is allocated to each person with probability equal probability 1/n. Suppose a buyer that is in neither group 1 nor group 2 is considering visiting the store. I am looking for a simple form for the probability that he will be awarded the good. (By simple I mean WITHOUT the use of combinatorics) |
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