Consumer Math Probability Pointers c. What is the probability that you will win, written as a fraction? D. What is the probability that you won’t win, written as a fraction? Example: What is the probability (P) that the spinner will land on blue? 1 _ P= 5 = Tip: Zoom in for easy reading! 3 A. It costs $3 to take a guess. How much does it cost to guess all the possible outcomes and make sure you win in one spin? B. The prize is a stuffed Scooby-Doo. You can buy one at the store for $10. Is it worth spending the money from 3a to make sure you win? favorable outcomes ( blue) possible outcomes (any color) supermath 1 _ You have a 5 (one in five) chance that the wheel will 4 __ land on blue—and a 5 chance that it won’t! Use the wheel above to answer questions 2 and 3. 2 Use probability to see what your chances are of winning prizes at the carnival W IllustratIon by dave klug elcome, ladies and gentlemen! Step right up and try to win at our wheel of fortune! If you’ve been to a carnival, fair, or amusement park, you’ve probably seen these games. Players pay to guess which space the spinner will stop on. Guess the correct space and win a prize, such as a giant stuffed animal or even a video game. Easy, right? Wrong. The chances of winning a wheel game are based on probability. Probability describes how likely something is to happen. Carnivals 8 Show your work here: make money because they know that most people won’t win a prize—or that the prize isn’t worth as much as people pay to play! Try our probability activity. You’ll see that, when it comes to these games, your chances of winning aren’t “wheely” good. What to Do Read Probability Pointers. Then answer the questions about each wheel. a. What is the probability that the spinner above will land on the heart? Use the wheel above to answer question 1. You pay $1 to guess that the spinner above will land on red. A. What is the number of favorable (winning) outcomes? 1 b. What is the total number of possible outcomes? A. You play this game 36 times, making one guess each time. Based on probability, how many times do you expect to win? B. What is the probability that it won’t land on the heart? C. You pay to take two guesses on one spin. You’ll win if the spinner lands on either the heart or the diamond. What is the probability that you’ll win? B. You pay $2 per spin to play 36 times, and you win the number of times from A. Each prize is worth $15. How much more would you spend playing the game than the value of the prizes? —By Carli Entin May/June 2011 9
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