Brainteaser - The Cost per Peek
The Cost per Peek
Probability
SIG
Four sealed boxes sit before you; exactly one hides \(\$100\), the other three are empty. You may open boxes one at a time, stopping as soon as you find the cash. Each peek costs \(X\) dollars.
What price \(X\) makes the game fair (i.e., zero expected profit for both sides)?
What price \(X\) makes the game fair (i.e., zero expected profit for both sides)?