## In the final round of a TV game show, contestants have a chance to increase their current winnings of $1 million to $2 million. If they are

Question

In the final round of a TV game show, contestants have a chance to increase their current winnings of $1 million to $2 million. If they are wrong, their prize is decreased to $500,000. A contestant thinks his guess will be right 50 percent of the time. Should he play

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2021-10-18T19:44:14+00:00
2021-10-18T19:44:14+00:00 1 Answer
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## Answers ( )

Answer:## The contestant should not play.

Step-by-step explanation:As per the given question, their

current winning is $1 million.The

probability of the guessing to be trueis 50% = .There is also a possibility of 50% to be wrong, which can reduced the winning amount to $500,000 that is the half of the current amount.

Hence, the

contestant should not play.