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.
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...
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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.

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
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