Quantitative Literacy

Chapter 7 Project 1

2-Dice Game

This project will require you to design and analyze a 2-dice single roll carnival-style fundraiser game.  In order to successfully complete the project, you will need to know the probabilities of rolling 2-dice as well as the expected value formula.  The game must have a house edge of <30%.  The sample space for 2-dice is covered in 7.2 and expected value is covered in 7.5.

• Design a 2-dice single roll game.  Make sure the game has a fun name.
• Explicitly state how much it costs to play the game.
• Explicitly state how a player wins and how the player loses.  State how much the player wins.
• Calculate the expected value for a single roll.  Note the house edge must be <30%.
• Calculate the expected value if a player plays the game 10 times.
• State your opinion on carnival-style games and casinos.