Question

Your guardian walks into your room and asks if you would like to trade your five dollars for any amount of money that they have in their hand. Your guardian says it could be $1, $5, or $20. What would be the probability of trading/ not trading your money for the one in your guardians hand and do the benefits outweigh the costs? ( You do not have to solve the problem all I want to know is if the problem is solvable and if it makes sense )

Answer 1

The problem is solvable, and the benefits do outweigh the costs, as there are more higher amounts of money in your guardian's hand.