Reference no: EM131942081

Please help me with understanding this question using Discrete Probability Distribution. There is a money give away. There are 4 prizes hidden on a game board with 16 spaces. One prize is worth $4000, another worth $1500, and two worth a $1000. Also in the rest of the spaces, there will be a bill of $50 that would have to be paid to the host for not making the best choice. The question also gives me a chance to walk away by receiving money $400 cash. Would it be best to play the game. I need assistance in understanding what the outcome of playing the game would be, versus walking away with the $400.