There are hundred red gems and hundred blue gems. The blue gems are priceless while the red gems equal wastage. You have two sacks one labeled Heads and the other Tails. You have to distribute the gems as you want in the two sacks. Then a coin will be flipped and you will be asked to pick up a gem randomly from the corresponding sacks.
How will you distribute the gems between the sacks so that the odds of picking a Blue gem are maximum?
A sea diver is a real show-off. He showed everyone that he can hold his breath underwater for 15 minutes.
I went to the diver and told him that I can be underwater for double the time i.e 30 minutes.
He responded that he will give me 100$ if I would be able to do it. I won 100$.