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Did you know that all 50 states in the United States have some sort of state fair? Fairs and carnivals include a variety of games of chance that aren’t typically “fair.” What does it mean for a game to be fair? In this task, you’ll analyze different scenarios to determine fairness. You will use probability and expected value to make these determinations. You will also use these concepts to make decisions.
As you complete the assignment, keep this question in mind:
How can probability be applied to decision making?

User Sgargel
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2 Answers

15 votes
15 votes

Answer:

There is no correct answer. but you could use-

The key role of probability is to improve decision-making in the face of uncertainties. It helps decision-making objective and data-driven rather than based on instinct.

Explanation:

User Pronvit
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26 votes
26 votes

Answer:

If a game is "fair" it most likely means that there is a chance of winning a prize that corresponds with the price of playing the game.

Explanation:

There is no one correct answer, but that is the premise of answering a question like that. you will need to elaborate further.

User GlassGhost
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