A community for students.
Here's the question you clicked on:
 0 viewing
anonymous
 one year ago
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 or false
anonymous
 one year ago
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 or false

This Question is Closed

Rushwr
 one year ago
Best ResponseYou've already chosen the best response.1For the game to be fair it should have 50 50 winning and losing chances right? You get paid only if u pick a red one and choosing a red one out of all is having a \[\frac{ 5 }{ 20 }= \frac{ 1 }{ }\] chance right? So do u think it's fair ?

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0thats 1/4 chance that doesnt seem fair
Ask your own question
Sign UpFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.