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.

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.

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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Concept explainers

Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.

Question

Hello,

I need help with this probablity math problem. I can't seem to get it equal to 100%.

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:

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