Question

Craig and Margaret are playing a game. There are 3 blue marbles and 1 yellow marble in a bag. If Craig pulls a yellow marble, he gets a $3. If Margaret pulls a blue marble, she gets $1. Is this a fair game? If not, who has the advantage?

Answer 1

No because either one can pull a different color. Am i right?

Answer 2

Well, honestly, it depends on the rules. There's a 25% of winning 3$, While there's a 75% of getting 1$. Not speaking money-wise, it's not fair. But money-wise, I'd say it's fair. Even with reduced chances, Craig can reap better rewards.