Question

Please box answers or place in bold font.

You and your classmates decide to run a booth at the festival next year. You want to choose a game of chance that will be profitable for you. The charts below describe the profit distributions. Use what you know about probabilities to answer the following questions. Remember rounding is often impacted by the units involved.
Game 1

Profit (In dollars)	Probability
2.25	0.9
-1.75	.09
-13.00	.007
-22.00	.003

Game 2

Profit (In dollars)	Probability
2.00	0.5
-3.00	0.3
-6.00	0.2

Step 1 of 9:

What is the probability that a player will win money in Game 1?

Step 2 of 9:

What is the probability that a player will win money in Game 1?

Step 3 of 9:

What is your mean for Game 1?

Step 4 of 9:

Interpret your result from the previous step.

Step 5 of 9:

What is your standard deviation for Game 1?

Step 6 of 9:

What is your mean for Game 2?

Step 7 of 9:

Interpret your answer from the previous step.

Step 8 of 9:

What is your standard deviation for Game 2?

Step 9 of 9:

Which game is better for you to run at the festival? Why?

Answer 1