Short small easy math discussion

Short small easy math discussion

Write a response to any of the following.

  • Would you be more likely to play a game with a greater chance of winning a small prize amount or a game with a lesser chance of winning a large prize amount? Explain.
  • Knowing that games based on chance are designed for the customers to lose, on average, would you save your money and never play these types of games? Why or why not?
  • What do you think about consumers buying short-term warranties for brand-new items? Would you be likely to buy one? Explain.