Question

A game of chance is begun. You will pick one number out of 300. If your number is picked you win $30,000. At what point is it no longer worth playing the game due to expense?

Answer 1

<$100 / greater than $100

Explanation:

30,000/300=100

If you spent $100 per spin and won 1 out of 300 games, there would be no net gain.

If you spent anything more than $100, then you would lose more money than you gained if you won 1 out of 300 games.