Question: In the Games Fair, which game would work with the Hypergeometric Distribution? Create the Probability distribution table in a spreadsheetwhere X is a random variable
In the Games Fair, which game would work with the Hypergeometric Distribution? Create the Probability distribution table in a spreadsheetwhere X is a random variable representing the points won.
1. Calculate the expected value and compare to the 10 points it costs to play the game. Create the bar graph in a spreadsheet as well.
2. Compare the method of calculating expected value with the table to the formula for Hypergeometricpresented in this activity. What are the pros and cons of each?
3. Make your own Games Fair game with 4 or more outcomes using a Hypergeometric situation and adjust the point values so that a cost of 10 points would make the game profitable.
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