Find the probability for each level of winning and losing

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Reference no: EM133276377

Question - Let's say you are helping some friends with a fundraiser for something (name a good cause). Make up a game you could use at the fundraiser. The game must have at least 3 different levels of winning opportunities but could have more. Since this is a fundraiser, the game should be in favor of the house (not the player). Be creative!

a. Write a paragraph including each of the following: 1) how to play the game (be sure this is very clear); 2) how much the game costs for one play; 3) how someone wins (remember there must be at least 3 different levels of winning); and 4) what the expected value tells you about the game.

b. Find the probability for each level of winning and losing.

Reference no: EM133276377

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