In this game, each of you will choose either red or green. The pay to everyone will depend not only on their individual color choice but on everyone else's color choice as well. Here are the formulas that will determine the pay to each of those who choose "red." In the formulas R represents the number of students who pick "red" in that game. There are 37 students in the class. If all of them pick "red," then R will equal 37.If none of them choose "red," then R will equal zero. Alpha is equal to the round minus 1. Therefore, each round, the payoff formula doubles. This is round 7, therefore alpha is equal to 6.We will play seven times. If everyone picks red all seven times, then everyone will make B$254,000!! pay to each red=2^ alpha * B\$1.209277^ R Here is the schedule that results from that formula with pay rounded to the nearest penny with alpha equal to 6