Amdm Carnival Project Steps 3 and 4 Guided Worksheet

Amdm Carnival Project Steps 3 and 4 Guided Worksheet

AMDM CARNIVAL PROJECT STEPS 3 AND 4 GUIDED WORKSHEET

Step 1 and 2 are already done and grades have been placed in IC. Now this worksheet will help you to get your thoughts together to put in the PowerPoint for Presentation next week.

Step 3: Calculate the empirical and theoretical probabilities. This part is due Nov. 15, 2013___.

  1. Describe the ways participants were able to win candy when they played your game? For example “if they did ______they won 2 pieces of candy if they did ______won 1 piece of candy.”
  1. ______personsplayed our game on Nov. 13, 2013. We had 50/less than 50 persons play because…………
  1. Is this the same as the number of Trials that you had?
  1. List the probabilities of each event. (you may only have 2 events!)

The probability of winning ______is ______(fraction)= ______(decimal)= ______(percent)

The probability of winning ______is ______(fraction)= ______(decimal)= ______(percent)

The probability of winning ______is ______(fraction)= ______(decimal)= ______(percent)

  1. Fairness is defined of having equally likely outcomes, such as rolling a die, or flipping a coin. Was your game fair based on this definition? Explain.
  1. Do you think that the students who played your game would say that your game was fair? Explain

Step 4: Calculate expenses, revenue, and profit. This part will be due on: __Nov. 15, 2013____

Your group needs to calculate the expected profit from your game if 100 people were to play iand the amount you would charge to play your game if it were at a true carnival. As always, justification/explanation must be provided for all numbers and calculations.

  1. If 100 people were to play your game and each person paid $1.00 to play your game what would be your Revenue?
  1. What are the risks a person takes by playing your game?
  1. What are the rewards a person could expect to gain by playing your game?
  1. List your groups total Expenses/Costs below(the cost of the materials to build your game, the cost of prizes and the expected number of prizes that will be won if 100 people played). (Add rows if needed)

Item / Observed Cost / The Cost if 100 people played.
Total
  1. Calculate Your Profit. Note: Profit = Revenue▬ Cost.Show work below.
  1. Do you think your game could be used your game to raise funds for a cause (eg. Relay for Life) or to be used at parties for small children? Explain.
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