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.

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25 October, 04:19

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Hugo Ward · Answer 1

Yes it is because the person has a 16 out 20 chance of walking away with $1 or nothing but there's still a 20% chance that they can pick a blue one