BEST STRATEGY FOR WINNING A BASKET RAFFLE
Common at school and charity events, participants in a Basket Raffle purchase tickets and are free to distribute these tickets as they wish among multiple baskets, each containing a single prize that is chosen at random. What is the best way to distribute your tickets to maximize your chance of winning at least one prize? Using fundamental mathematical tools, we investigate this interesting question.
conditional probability, mathematical induction, differentiation.