What strategies would you not use to make the following game a fair game?
To play: $4.00; Probability of Winning: 0.39; Winnings: $10.00.
?
A. ?Increase the probability of Winning (if possible) to 0.4.
B. ?Increase the winning purse to $10.26 (number rounded to the nearest cent).
C. ?Decrease the cost to play to $3.90.
D. ?Decrease the probability to 0.29.
E. ?Increase the winnings to $6, increase the probability of winning to .4, and increase the cost to play to $2.40.
Answer: D
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