Project Euler Lab - Problem 121

#121 - Disc Game Prize Fund

● AppliedOfficial difficulty: 13%Two-player gamesTier B - browser, with the efficient algorithmNot viewed
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A bag contains one red disc and one blue disc. In a game of chance a player takes a disc at random and its colour is noted. After each turn the disc is returned to the bag, an extra red disc is added, and another disc is taken at random.

The player pays £1 to play and wins if they have taken more blue discs than red discs at the end of the game.

If the game is played for four turns, the probability of a player winning is exactly 11/120, and so the maximum prize fund the banker should allocate for winning in this game would be £10 before they would expect to incur a loss. Note that any payout will be a whole number of pounds and also includes the original £1 paid to play the game, so in the example given the player actually wins £9.

Find the maximum prize fund that should be allocated to a single game in which fifteen turns are played.

This problem is taken from Project Euler, Problem 121.
Problem text © Project Euler, licensed under CC BY-NC-SA 4.0. Original: projecteuler.net/problem=121. Published Friday, 19th May 2006, 06:00 pm. Solved by 11,123 members at time of mirroring.

Why this is useful

Probability Statistics. Expectation and state-based probability reasoning underpin pricing, risk, and statistical inference (Phases 7, 11, 13).

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