Share
Explore BrainMass

Probability : Random Selection

In a carnival game the players selects two coins from a bag containing two silver dollars and six slugs. Write down the probability distribution for the winnings and determine how much the player would have to pay so that he would break even, on the average, over many repetitions of the game.

Solution Preview

In a carnival game the players selects two coins from a bag containing two silver dollars and six slugs. Write down the probability distribution for the winnings and determine how much the player would have to pay so that he would break even, on the ...

Solution Summary

A random probability situation is investigated.

$2.19