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Arnie designed a new game, described here. How much should he charge to make this a fair game? 4 no prize (value $0) 4 small prize (value $2) 2 large prize (value $7) A. $2.00 B…

Arnie designed a new game, described here. How much should he charge to make this a fair game? 4 no prize (value $0) 4 small prize (value $2) 2 large prize (value $7) A. $2.00 B…
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5 votes
Arnie designed a new game, described here. How much should he charge to make this a fair game?

4 no prize (value $0)
4 small prize (value $2)
2 large prize (value $7)
A. $2.00
B. $2.20
C. $3.00
D. $3.50

asked
User Don Bottstein
by
8.2k points

1 Answer

5 votes

Answer:

C it's the price to even win the small prize to make a small profit

answered
User Luc Morin
by
8.5k points
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