anonymous
  • anonymous
A person plays a game where he blindly picks a colored chip from a container. There are 20 chips in the container: 5 red, 11 green, and 4 blue. He gets $1 for a red chip, nothing for a green chip, and he has to pay $1.25 if he picks a blue chip. This is a fair game. True False
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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jamiebookeater
  • jamiebookeater
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welshfella
  • welshfella
work out the probabilities of picking a blue chip and a red chip
anonymous
  • anonymous
red chip=5/20=0.25 blue chip=4/20= 0.2
welshfella
  • welshfella
on the face of it that seems fair as there is less chance of getting a blue than a red, The money is in the same ratio as the probabilities. But the chaance of picking a green is greater than 1/2...

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welshfella
  • welshfella
so what do you think?
welshfella
  • welshfella
- but he doesn't have to pay money to play the game.
anonymous
  • anonymous
okay that sounds fair to me @welshfella
welshfella
  • welshfella
yes i think it is fair If you hade to pay to play then it would not be fair

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