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Did you know that all 50 states in the United States have some sort of state fair? Fairs and carnivals include a variety of games of chance that aren’t typically “fair.” What does it mean for a game to be fair? In this task, you’ll analyze different scenarios to determine fairness. You will use probability and expected value to make these determinations. You will also use these concepts to make decisions.
As you complete the assignment, keep this question in mind:
How can probability be applied to decision making?