Game Plinko on Price is Right a contestant drops a chip

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In the game "Plinko" on The Price is Right a contestant drops a chip, which randomly falls into a slot that is market with a dollar designation. There are nine slots, two of which are market $0. tow are marked S100, two are market $500, tow are market $1000. and one is labeled $5,000. If a chip is dropped, what is the probability that it will land in a $1,000 slot? What is the probability a chip will land in a slot valued at less than $1,000? What is the expected value for this game?

Reference no: EM13998621

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