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Mathematics, 15.07.2019 19:00 SoccerdudeDylan
Acarnival game allows a group of players to each draw and keep a marble from a bag. the bag contains 5 gold marbles, 25 silver marbles, and 70 red marbles. a player wins a large prize for drawing a gold marble and a small prize for drawing a silver marble. there is no prize for drawing a red marble. at the start of the game, the probability of winning a large prize is 0.05 and the probability of winning a small prize is 0.25. suppose that the first player draws a silver marble and wins a small prize. what is the probability that the second player will also win a small prize? if a group of four plays the game one at a time and everyone wins a small prize, which player had the greatest probability of winning a large prize? how could the game be made fair for each player? that is, how could you change the game so that each player has an equal chance of winning a prize?
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