Let’s say you are helping some friends with a fundraiser for something (name a good
cause). Make up a game you could use at the fundraiser. The game must have at least
3 different levels of winning opportunities but could have more. Since this is a
fundraiser, the game should be in favor of the house (not the player). Be creative!
a. Write a paragraph including each of the following:
1) how to play the game (be sure this is very clear);
2) how much the game costs for one play;
3) how someone wins
(remember there must be at least 3 different levels of winning); and
4) what the expected value tells you about the game.
b. Find the probability for each level of winning and losing