A person plays a game where he blindly picks a colored chip from a container. There are 20 chips in the container: 5 red, 11 green, and 4 blue. He gets $1 for a red chip, nothing for a green chip, and he has to pay $1.25 if he picks a blue chip. This is a fair game.

true or false

Question

A person plays a game where he blindly picks a colored chip from a container. There are 20 chips in the container: 5 red, 11 green, and 4 blue. He gets $1 for a red chip, nothing for a green chip, and he has to pay $1.25 if he picks a blue chip. This is a fair game.

true or false

rushwr · Answer

For the game to be fair it should have 50 50 winning and losing chances right?
You get paid only if u pick a red one and choosing a red one out of all is having a $$\frac{ 5 }{ 20 }= \frac{ 1 }{  }$$ chance right? So do u think it's fair ?

rushwr · Answer

$$\frac{ 1 }{ 4 } *$$

anonymous · Answer

thats 1/4 chance that doesnt seem fair

rushwr · Answer

yeah so it's not fair!