Scenario
In quantitative trading and quantitative research, candidates are frequently evaluated on probability modeling, specifically regarding Conditional Probability.
Your Task
There are three identical boxes, each with two drawers:
- Box 1: contains two gold coins (GG).
- Box 2: contains two silver coins (SS).
- Box 3: contains one gold coin and one silver coin (GS).
A box is selected uniformly at random, and one of its drawers is opened, revealing a gold coin. What is the probability that the other drawer in the same box also contains a gold coin?
Constraints
- All variables are defined on a standard probability space (Ω,F,P).
- Analytical expressions must be in closed form, and empirical simulations should converge within standard statistical tolerances.