The third shiny penny

A box holds 33 shiny and 44 dull pennies. Pennies are drawn one at a time without replacement. What is the probability that it takes more than 44 draws to remove the third (last) shiny penny?

Show hints (2)+
  1. More than 44 draws     \iff the first 44 draws do NOT contain all 33 shiny pennies.
  2. Compute P(3 shiny in first 4)=(33)(41)/(74)\mathbb{P}(\text{3 shiny in first 4})=\binom33\binom41/\binom74 and subtract from 11.

Answer

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0.8857 (± 0.001)

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Asked at: Optiver, SIG

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