Question: Week 4 Discussion Area for Group 4 - STAT 200 7361 Introduction to Statistics (2168) There are 4 prizes hidden on a game board with

Week 4 Discussion Area for Group 4 - STAT 200 7361 Introduction to Statistics (2168)

  • There are 4 prizes hidden on a game board with 16 spaces. One prize is worth $4000, another is worth $1500, and two are worth $1000.But, wait!!! You are also told that, in the rest of the spaces, there will be a bill of $50 that you have to pay to the host as a penalty for not making the "wise" choice.What would be your choice? Take the money and run, or play the game? Why???

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