Final answer:
The theoretical probability of winning the game is 0.25. The most likely outcome is drawing a blue marble and the least likely outcome is drawing a yellow marble. It is more likely for players to lose playing the game.
Step-by-step explanation:
a. The probability of winning the game is the ratio of favorable outcomes to total outcomes. In this case, the favorable outcomes are getting an orange marble or a yellow marble, which is 1 yellow marble + 2 orange marbles = 3 favorable outcomes. The total outcomes are the number of marbles in the bag, which is 12. So the probability of winning is 3/12 = 1/4 = 0.25.
b. The most likely outcome is drawing a blue marble, as there are 5 blue marbles in the bag. The probability of drawing a blue marble is 5/12 = 0.4167.
c. The least likely outcome is drawing a yellow marble, as there is only 1 yellow marble in the bag. The probability of drawing a yellow marble is 1/12 = 0.0833.
d. It is more likely for players to lose playing the game. This is because the probability of winning is 0.25, which is less than the probability of losing (1 - 0.25 = 0.75).