In a classroom election, two presidential candidates, namely, Lisa and Teddy, both garnered the same number of total votes. As such, they decided to play a custom dice game to determine the winner of the election. In this game, a player needs to roll a pair of dice. Teddy will win the game if the sum is odd whereas Lisa will be declared winner if the sum results to even. However, prior to the start of the game, Teddy complained that the custom dice game is biased because according to him, the probability of an even result is 6/11, and for odd - only 5/11. Verify Teddy's claim and evaluate the fairness of the game.
In a classroom election, two presidential candidates, namely, Lisa and Teddy, both garnered the same number of total votes. As such, they decided to play a custom dice game to determine the winner of the election. In this game, a player needs to roll a pair of dice. Teddy will win the game if the sum is odd whereas Lisa will be declared winner if the sum results to even. However, prior to the start of the game, Teddy complained that the custom dice game is biased because according to him, the probability of an even result is 6/11, and for odd - only 5/11. Verify Teddy's claim and evaluate the fairness of the game.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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In a classroom election, two presidential candidates, namely, Lisa and Teddy, both garnered the same number of total votes. As such, they decided to play a custom dice game to determine the winner of the election. In this game, a player needs to roll a pair of dice. Teddy will win the game if the sum is odd whereas Lisa will be declared winner if the sum results to even. However, prior to the start of the game, Teddy complained that the custom dice game is biased because according to him, the probability of an even result is 6/11, and for odd - only 5/11. Verify Teddy's claim and evaluate the fairness of the game.
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