8101-12-08-StudentGuide (2) (Protected View) - Word (Unlicensed Product)Donovan Vueesign LayoutReferences MailingsO Tell me what you want to doReviewViewHelpul-files from the Internet can contain viruses, Unless vou need to edit, it's safer to stay in Protected View.Enable Editingatures are disabled because your Office product is inactive. To use for free, sign in and use the Web version.ActivateUse free at Office.comSINIOAPOINTSPOINTSDid you know that all 50 states in the United States have some sort of state fair? Fairs and carnivalsinclude 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 andexpected 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?DirectionsComplete each of the following tasks, reading the directions carefully as you go. Show all work whereindicated, including inserting images of graphs. Be sure that all graphs or screenshots includeappropriate information, such as titles, labeled diagrams, etc. if your word processing program has anequation editor, you can insert your equations here. Otherwise, print this activity sheet and write youranswers by hand.In addition to the answers you determine, you will be graded based on the work you show, or yoursolution process. So, be sure to show all your work and answer each question as you complete the task.Type all your work into this document so you can submit it to your teacher for a grade. You will be givenpartial credit based on the work you show and the completeness and accuracy of your explanations.Your teacher will give you further directions about how to submit your work. You may be asked toupload the document, e-mail it to your teacher, or print it and hand in a hard copy.Copyright DEdgenuity Inc.100%7:07 PM(?O 77°F Sunny5/3/2022earchTAJm-1soonceVockTUI

Question

8101-12-08-StudentGuide (2) (Protected View) - Word (Unlicensed Product)Donovan Vueesign LayoutReferences MailingsO Tell me what you want to doReviewViewHelpul-files from the Internet can contain viruses, Unless vou need to edit, it's safer to stay in Protected View.Enable Editingatures are disabled because your Office product is inactive. To use for free, sign in and use the Web version.ActivateUse free at Office.comSINIOAPOINTSPOINTSDid you know that all 50 states in the United States have some sort of state fair? Fairs and carnivalsinclude a variety of games of chance that aren't typically &#34;fair.&#34; 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 andexpected 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?DirectionsComplete each of the following tasks, reading the directions carefully as you go. Show all work whereindicated, including inserting images of graphs. Be sure that all graphs or screenshots includeappropriate information, such as titles, labeled diagrams, etc. if your word processing program has anequation editor, you can insert your equations here. Otherwise, print this activity sheet and write youranswers by hand.In addition to the answers you determine, you will be graded based on the work you show, or yoursolution process. So, be sure to show all your work and answer each question as you complete the task.Type all your work into this document so you can submit it to your teacher for a grade. You will be givenpartial credit based on the work you show and the completeness and accuracy of your explanations.Your teacher will give you further directions about how to submit your work. You may be asked toupload the document, e-mail it to your teacher, or print it and hand in a hard copy.Copyright DEdgenuity Inc.100%7:07 PM(?O 77°F Sunny5/3/2022earchTAJm-1soonceVockTUI

Accepted Answer

Given information:
In probability terms, the fair game means that there are equal chance of winning…