ON CHANGING MONEY AND THE BIRTHDAY PARADOX (O rozmienianiu pieniedzy i paradoksie urodzin)

• Authors: Wilkowski Andrzej
• Languages of publication: PL

Abstracts

EN

The paper deals with two problems of discrete probability theory that can be included to a curriculum in mathematics or statistics at universities of economics. The first one addresses the question that is interesting for economists: in how many ways one can change a certain amount of money given a fixed set of denominations. One can answer the question using either theoretical or software tools (such as Matlab or Mathematica). The other problem deals with the birthday paradox and its generalization. It is an example when intuition fails.

Keywords

EN

BIRTHDAY PARADOX; GENERATING FUNCTION; PARTITION

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
• Journal: Didactics of Mathematics
• Year: 2010
• Issue: 7(10)
• Pages: 127-134
• Document type: ARTICLE

Contributors

author

Wilkowski Andrzej

• Andrzej Wilkowski, Department of Mathematics, Wroclaw University of Economics, ul. Komandorska 118/120, 53-345 Wroclaw, Poland

Identifiers

CEJSH db identifier

11PLAAAA107622