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Yesterday, 20:04

A person plays a game where he blindly picks a colored chip from a container. There are 20 chips in the container: 5 red, 11 green, and 4 blue. He gets $1 for a red chip, nothing for a green chip, and he has to pay $1.25 if he picks a blue chip. This is a fair game.

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  1. J
    Yesterday, 20:24
    0
    Yes it is because the person has a 16 out 20 chance of walking away with $1 or nothing but there's still a 20% chance that they can pick a blue one
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Home » Mathematics » A person plays a game where he blindly picks a colored chip from a container. There are 20 chips in the container: 5 red, 11 green, and 4 blue. He gets $1 for a red chip, nothing for a green chip, and he has to pay $1.25 if he picks a blue chip.
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