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What is the player's share of the pot of money?Is this game fair to the player?(b) What is the player's probability of winning?What is the

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What is the player's share of the pot of money?Is this game fair to the player?(b) What is the player's probability of winning?What is the player's share of the pot of money?Another way to define a fair game is that a player's probability of winning must be equal to the player's share of the pot of money awarded to the winner. All money is put into a pot at the start of the game, and the winner claims the entire amount that is in the pot. (Compare this definition to the following: A game involving chance is said to be fair if the expected amount won or lost is zero.) (a) The player puts $5 into the pot and the host put $5 into the pot. The player rolls a six sided die and wins the pot if the die produces an even number. Is this a fair game? (b) A player at a casino puts $2 into the pot and names a suit from a standard deck (e.g., diamonds). The casino puts $99 into the pot. If a randomly selected card matches the choice of the player, the player wins the pot. Is this a fair game? . . . . . (a) What is the player's probability of winning? (Type an integer or a simplified fraction.)

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