3. Create a prize wheel using the following items. The player gets one free spin a day. The player can purchase additional spins for Gems (hard currency). Please decide: 1. The probability of each item on the wheel (must add up to 100%). 2. The cost of additional spins. nclude any information you feel is relevant.

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
icon
Related questions
Question

I need an answer that is sufficient for a gambling wheel. Is there a mathematical formula to solve this answer in terms of percentages based on the Gem value? I know I can just assign my own percentages that add up to 100, but I feel like there is a mathematical solution given all the information. 

3. Create a prize wheel using the following items. The player gets one free spin a day. The
player can purchase additional spins for Gems (hard currency).
Please decide:
1. The probability of each item on the wheel (must add up to 100%).
2. The cost of additional spins.
Include any information you feel is relevant.
Item
Gem Value
Probability
100 Coins
1
1 Healing Potion
10
1 MP Potion
15
100 gems (hard currency)
100
Armor
250
Weapon
500
Cost for spin:
Transcribed Image Text:3. Create a prize wheel using the following items. The player gets one free spin a day. The player can purchase additional spins for Gems (hard currency). Please decide: 1. The probability of each item on the wheel (must add up to 100%). 2. The cost of additional spins. Include any information you feel is relevant. Item Gem Value Probability 100 Coins 1 1 Healing Potion 10 1 MP Potion 15 100 gems (hard currency) 100 Armor 250 Weapon 500 Cost for spin:
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 5 steps

Blurred answer
Knowledge Booster
Linear Equations
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, probability and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability
A First Course in Probability
Probability
ISBN:
9780321794772
Author:
Sheldon Ross
Publisher:
PEARSON