Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Problem 4 Plinko is a game on The Price is Right where contestants drop a chip down a pegged board with 9 slots at
Problem 4 Plinko is a game on "The Price is Right" where contestants drop a chip down a pegged board with 9 slots at the top and win a certain amount of money depending on which slot the chip lands in at the bottom. Contestants can win either $0, $100, $500, $1000, or $10,000 on each chip. (Search YouTube for "Plinko" if you are unfamiliar with the game and curious about it.) The probability distribution for a chip dropped down the middle slot is below. Assume each chip that is dropped is independent from every other chip. Amount Probability $0 .387 $100 .032 $500 .113 $1000 .242 $10,000 .226 a. Given that the chip does not land in the $10,000 slot, what is the probability she wins $500? b. Suppose a contestant drops two Plinko chips independently of one another. What is the probability that she wins C. d. some amount of money with both chips? (Hint: There are a few ways to do this problem.) Suppose a contestant drops two Plinko chips independently of one another. What is the probability that at least one chip lands in the $1000 slot? Calculate the population mean amount the contestant would be expected to win by dropping one Plinko chip.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
a Given that the chip does not land in the 10000 slot we need to consider the conditional probability of winning 500 To calculate this probability we ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started