Problem-3 Game Description: Bob gives the contestant a free chip just for playing the game. The contestant climbs to the

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Problem 3 Game Description Bob Gives The Contestant A Free Chip Just For Playing The Game The Contestant Climbs To The 1 (62.9 KiB) Viewed 94 times

Problem-3 Game Description: Bob gives the contestant a free chip just for playing the game. The contestant climbs to the top of the Plinko board (see picture below) and drops the chips one at a time. The pegs send the chip bouncing all over the board until they land in slots representing money amounts at the bottom. The slots are, from left to right; $100, $500, $1000, $0, $10000, $0, $1000, $500, $100. det 11 plot slot 2 shit dot plat det 7 lot dot 52.00 5900 |$2.000 $0 $10000 80 52.000 $500 | 5100 a) For each of the three middle slots at the top of the board (slots 4, 5, and 6), find the probability that a chip starting in each slot results in winning $10,000. (Write Excel function) b) Compute the expected winnings for a chip dropped in slot 5 and the expected winnings for a chip dropped in slot 4 or 6.