Question

A quiz-show contestant is presented with two questions, question 1 and question 2, and she can choose which question to answer first. If her initial answer is incorrect, she is not allowed to answer the other question. If the rewards for correctly answering question 1 and 2 are $200 and $100 respectively, and the contestant is 60% and 80% certain of answering question 1 and 2, which question should she answer first as to maximize the expected reward?

Answer 1

Answer:

If the contestant attemptsquestion 2 first. Approach 2 is the better approach to follow as it has a higher expected reward. The contestant should try andanswer question 2 first to maximize the expected reward. Hope this helps!!!