Instructions: In this assignment, you will analyze the results of a carnival game for a school fund raiser. You should use Probability and the principles of Expected Value to analyze the game and answer the following questions. Your group should determine the theoretical probability of the game first. Then, each member of your group should simulate the game to determine your own experimental probability. Once both probabilities have been found, your group will discuss implications on the similarity of the two probabilities. Your group will determine the expected value of the game from the school’s perspective. You will then make a rational recommendation to the school about the game.
For This or a Similar Paper Click Here To Order Now
