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Game Description: Bob gives the contestant a free chip just for playing the game. The contestant climbs to the top of the Plinko board (see
Game Description: Bob gives the contestant a free chip just for playing the game. The contestant climbs to the top of the Plinko board (see picture below) and drops the chips one at a time. The pegs send the chip bouncing all over the board until they land in slots representing money amounts at the bottom. The slots are, from left to right; $100, $500, $1000, $0, $10000, $0, $1000, $500, $100.
- For each of the three middle slots at the top of the board (slots 4, 5, and 6), find the probability that a chip starting in each slot results in winning $10,000.
- Compute the expected winnings for a chip dropped in slot 5 and the expected winnings for a chip dropped in slot 4 or 6.
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