2016-04-10 15:23:42
A carnival 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?
2016-04-10 21:54:12

The probability is now .24 The first player had the highest probability of getting a silver marble The game could be made fair by adding back the marble that was drawn after each draw