SlideShare a Scribd company logo
1 of 14
Download to read offline
You
                                                           Spin



                                    Me
Trevor Fox   Wednesday, May 20, 2009 2:17:03 PM PT
Right
                                                     Round
                Elysia Ramirez                Alejandra Mendoza      Joe Pemberton   Trevor Fox
                                                     Table of Contents

                Rules and Regulations                                                3

                          Thorough Rules                                             3

                          Get Started!                                               4


                Probability Analysis                                                 5

                          How Did This Game Come to Be?                              5

                          Probability and Possibility Calculations                   5

                          Branching Probability Chart                                6


                Expectation Values                                                   7

                          What is an Expectation Value?                              7

                          How do you find an Expectation Value?                      7


                                                                                                  2

Trevor Fox   Wednesday, May 20, 2009 2:17:03 PM PT
Terms You Should Know                          8

                          Expectation Value Matrix                       8

                          What is you loss, our profit?                  8


                Construction Notes                                       9

                          Materials                                      9

                          Measurements                                   9

                          Game Wheel Facts                               10

                          Construction Conclusion                        11

                          Jobs                                           12




                             Rules and Regulations
                                     for…
                                               You Spin Me Right Round




                Thorough Rules

                                                                              3

Trevor Fox   Wednesday, May 20, 2009 2:17:03 PM PT
There are 16 slots on the wheel. Out of those 16 slots, 12
                are blue, 3 are red, and 1 is black. You have to pay twenty
                five cents to spin the wheel. If it lands on blue you don't
                get your money back. If it lands on red we double your
                money (fifty cents). If it lands on black we triple your
                money (seventy five cents).


                Slots on Wheel: Sixteen
                Color of Slots: Blue, Red, Black


                                                     Get Started!




                                    1. Pay twenty five cents to the broker.

                                    2. Spin the wheel of 16 slots

                                    3. If you get a Blue slot, you lose your
                                    money!

                                                                               4

Trevor Fox   Wednesday, May 20, 2009 2:17:03 PM PT
4. If you get a Red slot, we double your
                                    money!!

                                    5. If you get a Black slot, we triple your
                                    money!!!




                                                     Get Ready…Set…Go!




                                   Probability Analysis


                                                                                 5

Trevor Fox   Wednesday, May 20, 2009 2:17:03 PM PT
How Did This Game Come To Be?

                To figure out a profitable game we first had to invent the game, including
                the rules, regulations, prizes, and consequences. Once we had our game
                down, we figured out what the probability was of getting a blue, red, or
                black out of 16 slots after you spin it. We put this information in chart
                format. (Below)



                                          Probability and Possibility Calculations




                                                     Branching Probability Chart

                                                                    In order to make this easier to
                                                                    understand we decided to create a
                                                                    Branching Probability Chart. This
                                                                    chart really explains 3 scenarios
                                                                    that can happen:



                                                                                                        6

Trevor Fox   Wednesday, May 20, 2009 2:17:03 PM PT
You can spin and get a Blue.
                                                     You can spin and get a Red or…
                                                     You can spin and get a Black.


                                                     Remember, each one of these
                                                     scenarios has a probability:


                                                     Blue, 12/16
                                                     Red, 3/16
                                                     Black, 1/16


                                                     Also remember the prizes:


                                                     Blue, don’t get your money
                                                     back
                                                     Red, we double the money you
                                                     paid
                                                     Black, we triple the money you
                                                     paid




                                        Expectation Value


                What is and Expectation Value?
                                                                                      7

Trevor Fox   Wednesday, May 20, 2009 2:17:03 PM PT
An Expectation Value is your result at the end of a game. For example, if
                your Expectation Value is negative then it is most likely you will lose playing
                the game, but if it is positive then you are most likely to win the game. Take
                in mind that this Expectation Value becomes more accurate as you play
                more times.




                How to find an Expectation Value?

                To find the
                expectation                                                        value we
                had to find                                                        t    h    e
                probability                                                        of getting
                blue, red,                                                         and black.
                We then                                                            found the
                payoff of                                                          those and
                multiplied it                                                      with the
                probability                                                        to find out
                the value of                                                       losing,
                winning                                                            double,
                and winning triple. Then we took these values and added them together to
                find the Expectation Value of the game.




                                                                                                  8

Trevor Fox   Wednesday, May 20, 2009 2:17:03 PM PT
Terms You Should Know




                What is your                                              loss, our
                profit?

                Well, this Expectation Value Matrix was made from your perspective, so
                you are likely to lose four cents every time you play. Once again, I say likely
                because the more you play the game that more accurate to losing four



                                                                                                  9

Trevor Fox   Wednesday, May 20, 2009 2:17:03 PM PT
cents you will get. On the other hand, we actually make low profit: we earn
                four cents every time someone plays.



                                    Construction Notes




                Materials: perfectly round wheel, wooden board,
                plastic flap, nails, blue felt, red felt, and black felt




                Game Wheel Facts:
                16 slots
                          - 12 blue
                          - 3 red

                                                                                              10

Trevor Fox   Wednesday, May 20, 2009 2:17:03 PM PT
- 1black




                Measurements:
                Radius of Wheel: 14.75 in.



                Area of Circle:                       pi    x   (radius) 2

                Area of Wheel:                       3.14   x   (14.75 in) 2

                                                     3.14   x   217.5625 in = 683.15 in 2



                Area of a Slot: area of wheel ÷ total # of slots

                                             683.15 in 2 ÷       16            = 42.7 in 2



                                   Area of Wheel: 683.15 in 2 Area of a Slot: 42.7 in 2




                                                                                             11

Trevor Fox   Wednesday, May 20, 2009 2:17:03 PM PT
Construction Conclusion:


                The construction of the casino game project named
                quot;You Spin Me Right Roundquot; is simple yet very
                effective. It consists of a wheel that is organized and
                nailed with only the finest building materials and
                supplies. The wheel is perfectly round and is not
                weighted on any of                         the sides giving
                the game a fair                            balance and
                causing                              our   expected value to
                be more accurate.                          The wheel is
                joined with a                              wooden board
                attached to a plastic flap. The wheel is covered in
                felt and has 16 blue, red, and black slots on it. The
                construction took a few days to start because of the
                collection of materials, but in general the product
                turned out very clean and professional.

                                                                               12

Trevor Fox   Wednesday, May 20, 2009 2:17:03 PM PT
Jobs




                Document Master - Elysia Ramirez
                          -Rules of You Spin Me Right Round



                Analyst - Alejandra Mendoza
                          -Figures out all the possibilities and probabilities of the game



                Actuary - Joe Pemberton
                          -Adjusts payoff matrix and figures expected value


                                                                                             13

Trevor Fox   Wednesday, May 20, 2009 2:17:03 PM PT
Contruction Expert - Trevor Fox
                          -Builds game wheel and calculates area




                                                                   14

Trevor Fox   Wednesday, May 20, 2009 2:17:03 PM PT

More Related Content

Recently uploaded

Like-prefer-love -hate+verb+ing & silent letters & citizenship text.pdf
Like-prefer-love -hate+verb+ing & silent letters & citizenship text.pdfLike-prefer-love -hate+verb+ing & silent letters & citizenship text.pdf
Like-prefer-love -hate+verb+ing & silent letters & citizenship text.pdfMr Bounab Samir
 
Judging the Relevance and worth of ideas part 2.pptx
Judging the Relevance  and worth of ideas part 2.pptxJudging the Relevance  and worth of ideas part 2.pptx
Judging the Relevance and worth of ideas part 2.pptxSherlyMaeNeri
 
Virtual-Orientation-on-the-Administration-of-NATG12-NATG6-and-ELLNA.pdf
Virtual-Orientation-on-the-Administration-of-NATG12-NATG6-and-ELLNA.pdfVirtual-Orientation-on-the-Administration-of-NATG12-NATG6-and-ELLNA.pdf
Virtual-Orientation-on-the-Administration-of-NATG12-NATG6-and-ELLNA.pdfErwinPantujan2
 
Earth Day Presentation wow hello nice great
Earth Day Presentation wow hello nice greatEarth Day Presentation wow hello nice great
Earth Day Presentation wow hello nice greatYousafMalik24
 
4.18.24 Movement Legacies, Reflection, and Review.pptx
4.18.24 Movement Legacies, Reflection, and Review.pptx4.18.24 Movement Legacies, Reflection, and Review.pptx
4.18.24 Movement Legacies, Reflection, and Review.pptxmary850239
 
USPS® Forced Meter Migration - How to Know if Your Postage Meter Will Soon be...
USPS® Forced Meter Migration - How to Know if Your Postage Meter Will Soon be...USPS® Forced Meter Migration - How to Know if Your Postage Meter Will Soon be...
USPS® Forced Meter Migration - How to Know if Your Postage Meter Will Soon be...Postal Advocate Inc.
 
Student Profile Sample - We help schools to connect the data they have, with ...
Student Profile Sample - We help schools to connect the data they have, with ...Student Profile Sample - We help schools to connect the data they have, with ...
Student Profile Sample - We help schools to connect the data they have, with ...Seán Kennedy
 
GRADE 4 - SUMMATIVE TEST QUARTER 4 ALL SUBJECTS
GRADE 4 - SUMMATIVE TEST QUARTER 4 ALL SUBJECTSGRADE 4 - SUMMATIVE TEST QUARTER 4 ALL SUBJECTS
GRADE 4 - SUMMATIVE TEST QUARTER 4 ALL SUBJECTSJoshuaGantuangco2
 
Global Lehigh Strategic Initiatives (without descriptions)
Global Lehigh Strategic Initiatives (without descriptions)Global Lehigh Strategic Initiatives (without descriptions)
Global Lehigh Strategic Initiatives (without descriptions)cama23
 
Barangay Council for the Protection of Children (BCPC) Orientation.pptx
Barangay Council for the Protection of Children (BCPC) Orientation.pptxBarangay Council for the Protection of Children (BCPC) Orientation.pptx
Barangay Council for the Protection of Children (BCPC) Orientation.pptxCarlos105
 
ANG SEKTOR NG agrikultura.pptx QUARTER 4
ANG SEKTOR NG agrikultura.pptx QUARTER 4ANG SEKTOR NG agrikultura.pptx QUARTER 4
ANG SEKTOR NG agrikultura.pptx QUARTER 4MiaBumagat1
 
ACC 2024 Chronicles. Cardiology. Exam.pdf
ACC 2024 Chronicles. Cardiology. Exam.pdfACC 2024 Chronicles. Cardiology. Exam.pdf
ACC 2024 Chronicles. Cardiology. Exam.pdfSpandanaRallapalli
 
AMERICAN LANGUAGE HUB_Level2_Student'sBook_Answerkey.pdf
AMERICAN LANGUAGE HUB_Level2_Student'sBook_Answerkey.pdfAMERICAN LANGUAGE HUB_Level2_Student'sBook_Answerkey.pdf
AMERICAN LANGUAGE HUB_Level2_Student'sBook_Answerkey.pdfphamnguyenenglishnb
 
Keynote by Prof. Wurzer at Nordex about IP-design
Keynote by Prof. Wurzer at Nordex about IP-designKeynote by Prof. Wurzer at Nordex about IP-design
Keynote by Prof. Wurzer at Nordex about IP-designMIPLM
 
FILIPINO PSYCHology sikolohiyang pilipino
FILIPINO PSYCHology sikolohiyang pilipinoFILIPINO PSYCHology sikolohiyang pilipino
FILIPINO PSYCHology sikolohiyang pilipinojohnmickonozaleda
 
Procuring digital preservation CAN be quick and painless with our new dynamic...
Procuring digital preservation CAN be quick and painless with our new dynamic...Procuring digital preservation CAN be quick and painless with our new dynamic...
Procuring digital preservation CAN be quick and painless with our new dynamic...Jisc
 
AUDIENCE THEORY -CULTIVATION THEORY - GERBNER.pptx
AUDIENCE THEORY -CULTIVATION THEORY -  GERBNER.pptxAUDIENCE THEORY -CULTIVATION THEORY -  GERBNER.pptx
AUDIENCE THEORY -CULTIVATION THEORY - GERBNER.pptxiammrhaywood
 
MULTIDISCIPLINRY NATURE OF THE ENVIRONMENTAL STUDIES.pptx
MULTIDISCIPLINRY NATURE OF THE ENVIRONMENTAL STUDIES.pptxMULTIDISCIPLINRY NATURE OF THE ENVIRONMENTAL STUDIES.pptx
MULTIDISCIPLINRY NATURE OF THE ENVIRONMENTAL STUDIES.pptxAnupkumar Sharma
 

Recently uploaded (20)

Like-prefer-love -hate+verb+ing & silent letters & citizenship text.pdf
Like-prefer-love -hate+verb+ing & silent letters & citizenship text.pdfLike-prefer-love -hate+verb+ing & silent letters & citizenship text.pdf
Like-prefer-love -hate+verb+ing & silent letters & citizenship text.pdf
 
Judging the Relevance and worth of ideas part 2.pptx
Judging the Relevance  and worth of ideas part 2.pptxJudging the Relevance  and worth of ideas part 2.pptx
Judging the Relevance and worth of ideas part 2.pptx
 
Virtual-Orientation-on-the-Administration-of-NATG12-NATG6-and-ELLNA.pdf
Virtual-Orientation-on-the-Administration-of-NATG12-NATG6-and-ELLNA.pdfVirtual-Orientation-on-the-Administration-of-NATG12-NATG6-and-ELLNA.pdf
Virtual-Orientation-on-the-Administration-of-NATG12-NATG6-and-ELLNA.pdf
 
Earth Day Presentation wow hello nice great
Earth Day Presentation wow hello nice greatEarth Day Presentation wow hello nice great
Earth Day Presentation wow hello nice great
 
4.18.24 Movement Legacies, Reflection, and Review.pptx
4.18.24 Movement Legacies, Reflection, and Review.pptx4.18.24 Movement Legacies, Reflection, and Review.pptx
4.18.24 Movement Legacies, Reflection, and Review.pptx
 
USPS® Forced Meter Migration - How to Know if Your Postage Meter Will Soon be...
USPS® Forced Meter Migration - How to Know if Your Postage Meter Will Soon be...USPS® Forced Meter Migration - How to Know if Your Postage Meter Will Soon be...
USPS® Forced Meter Migration - How to Know if Your Postage Meter Will Soon be...
 
Student Profile Sample - We help schools to connect the data they have, with ...
Student Profile Sample - We help schools to connect the data they have, with ...Student Profile Sample - We help schools to connect the data they have, with ...
Student Profile Sample - We help schools to connect the data they have, with ...
 
GRADE 4 - SUMMATIVE TEST QUARTER 4 ALL SUBJECTS
GRADE 4 - SUMMATIVE TEST QUARTER 4 ALL SUBJECTSGRADE 4 - SUMMATIVE TEST QUARTER 4 ALL SUBJECTS
GRADE 4 - SUMMATIVE TEST QUARTER 4 ALL SUBJECTS
 
Global Lehigh Strategic Initiatives (without descriptions)
Global Lehigh Strategic Initiatives (without descriptions)Global Lehigh Strategic Initiatives (without descriptions)
Global Lehigh Strategic Initiatives (without descriptions)
 
Barangay Council for the Protection of Children (BCPC) Orientation.pptx
Barangay Council for the Protection of Children (BCPC) Orientation.pptxBarangay Council for the Protection of Children (BCPC) Orientation.pptx
Barangay Council for the Protection of Children (BCPC) Orientation.pptx
 
ANG SEKTOR NG agrikultura.pptx QUARTER 4
ANG SEKTOR NG agrikultura.pptx QUARTER 4ANG SEKTOR NG agrikultura.pptx QUARTER 4
ANG SEKTOR NG agrikultura.pptx QUARTER 4
 
ACC 2024 Chronicles. Cardiology. Exam.pdf
ACC 2024 Chronicles. Cardiology. Exam.pdfACC 2024 Chronicles. Cardiology. Exam.pdf
ACC 2024 Chronicles. Cardiology. Exam.pdf
 
Raw materials used in Herbal Cosmetics.pptx
Raw materials used in Herbal Cosmetics.pptxRaw materials used in Herbal Cosmetics.pptx
Raw materials used in Herbal Cosmetics.pptx
 
AMERICAN LANGUAGE HUB_Level2_Student'sBook_Answerkey.pdf
AMERICAN LANGUAGE HUB_Level2_Student'sBook_Answerkey.pdfAMERICAN LANGUAGE HUB_Level2_Student'sBook_Answerkey.pdf
AMERICAN LANGUAGE HUB_Level2_Student'sBook_Answerkey.pdf
 
Model Call Girl in Tilak Nagar Delhi reach out to us at 🔝9953056974🔝
Model Call Girl in Tilak Nagar Delhi reach out to us at 🔝9953056974🔝Model Call Girl in Tilak Nagar Delhi reach out to us at 🔝9953056974🔝
Model Call Girl in Tilak Nagar Delhi reach out to us at 🔝9953056974🔝
 
Keynote by Prof. Wurzer at Nordex about IP-design
Keynote by Prof. Wurzer at Nordex about IP-designKeynote by Prof. Wurzer at Nordex about IP-design
Keynote by Prof. Wurzer at Nordex about IP-design
 
FILIPINO PSYCHology sikolohiyang pilipino
FILIPINO PSYCHology sikolohiyang pilipinoFILIPINO PSYCHology sikolohiyang pilipino
FILIPINO PSYCHology sikolohiyang pilipino
 
Procuring digital preservation CAN be quick and painless with our new dynamic...
Procuring digital preservation CAN be quick and painless with our new dynamic...Procuring digital preservation CAN be quick and painless with our new dynamic...
Procuring digital preservation CAN be quick and painless with our new dynamic...
 
AUDIENCE THEORY -CULTIVATION THEORY - GERBNER.pptx
AUDIENCE THEORY -CULTIVATION THEORY -  GERBNER.pptxAUDIENCE THEORY -CULTIVATION THEORY -  GERBNER.pptx
AUDIENCE THEORY -CULTIVATION THEORY - GERBNER.pptx
 
MULTIDISCIPLINRY NATURE OF THE ENVIRONMENTAL STUDIES.pptx
MULTIDISCIPLINRY NATURE OF THE ENVIRONMENTAL STUDIES.pptxMULTIDISCIPLINRY NATURE OF THE ENVIRONMENTAL STUDIES.pptx
MULTIDISCIPLINRY NATURE OF THE ENVIRONMENTAL STUDIES.pptx
 

Featured

2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by HubspotMarius Sescu
 
Everything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPTEverything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPTExpeed Software
 
Product Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage EngineeringsProduct Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage EngineeringsPixeldarts
 
How Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthHow Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthThinkNow
 
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdfAI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdfmarketingartwork
 
PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024Neil Kimberley
 
Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)contently
 
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024Albert Qian
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsKurio // The Social Media Age(ncy)
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Search Engine Journal
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summarySpeakerHub
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next Tessa Mero
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentLily Ray
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best PracticesVit Horky
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project managementMindGenius
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...RachelPearson36
 

Featured (20)

2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot
 
Everything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPTEverything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPT
 
Product Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage EngineeringsProduct Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage Engineerings
 
How Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthHow Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental Health
 
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdfAI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
 
Skeleton Culture Code
Skeleton Culture CodeSkeleton Culture Code
Skeleton Culture Code
 
PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024
 
Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)
 
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search Intent
 
How to have difficult conversations
How to have difficult conversations How to have difficult conversations
How to have difficult conversations
 
Introduction to Data Science
Introduction to Data ScienceIntroduction to Data Science
Introduction to Data Science
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best Practices
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project management
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
 

Casino game

  • 1. You Spin Me Trevor Fox Wednesday, May 20, 2009 2:17:03 PM PT
  • 2. Right Round Elysia Ramirez Alejandra Mendoza Joe Pemberton Trevor Fox Table of Contents Rules and Regulations 3 Thorough Rules 3 Get Started! 4 Probability Analysis 5 How Did This Game Come to Be? 5 Probability and Possibility Calculations 5 Branching Probability Chart 6 Expectation Values 7 What is an Expectation Value? 7 How do you find an Expectation Value? 7 2 Trevor Fox Wednesday, May 20, 2009 2:17:03 PM PT
  • 3. Terms You Should Know 8 Expectation Value Matrix 8 What is you loss, our profit? 8 Construction Notes 9 Materials 9 Measurements 9 Game Wheel Facts 10 Construction Conclusion 11 Jobs 12 Rules and Regulations for… You Spin Me Right Round Thorough Rules 3 Trevor Fox Wednesday, May 20, 2009 2:17:03 PM PT
  • 4. There are 16 slots on the wheel. Out of those 16 slots, 12 are blue, 3 are red, and 1 is black. You have to pay twenty five cents to spin the wheel. If it lands on blue you don't get your money back. If it lands on red we double your money (fifty cents). If it lands on black we triple your money (seventy five cents). Slots on Wheel: Sixteen Color of Slots: Blue, Red, Black Get Started! 1. Pay twenty five cents to the broker. 2. Spin the wheel of 16 slots 3. If you get a Blue slot, you lose your money! 4 Trevor Fox Wednesday, May 20, 2009 2:17:03 PM PT
  • 5. 4. If you get a Red slot, we double your money!! 5. If you get a Black slot, we triple your money!!! Get Ready…Set…Go! Probability Analysis 5 Trevor Fox Wednesday, May 20, 2009 2:17:03 PM PT
  • 6. How Did This Game Come To Be? To figure out a profitable game we first had to invent the game, including the rules, regulations, prizes, and consequences. Once we had our game down, we figured out what the probability was of getting a blue, red, or black out of 16 slots after you spin it. We put this information in chart format. (Below) Probability and Possibility Calculations Branching Probability Chart In order to make this easier to understand we decided to create a Branching Probability Chart. This chart really explains 3 scenarios that can happen: 6 Trevor Fox Wednesday, May 20, 2009 2:17:03 PM PT
  • 7. You can spin and get a Blue. You can spin and get a Red or… You can spin and get a Black. Remember, each one of these scenarios has a probability: Blue, 12/16 Red, 3/16 Black, 1/16 Also remember the prizes: Blue, don’t get your money back Red, we double the money you paid Black, we triple the money you paid Expectation Value What is and Expectation Value? 7 Trevor Fox Wednesday, May 20, 2009 2:17:03 PM PT
  • 8. An Expectation Value is your result at the end of a game. For example, if your Expectation Value is negative then it is most likely you will lose playing the game, but if it is positive then you are most likely to win the game. Take in mind that this Expectation Value becomes more accurate as you play more times. How to find an Expectation Value? To find the expectation value we had to find t h e probability of getting blue, red, and black. We then found the payoff of those and multiplied it with the probability to find out the value of losing, winning double, and winning triple. Then we took these values and added them together to find the Expectation Value of the game. 8 Trevor Fox Wednesday, May 20, 2009 2:17:03 PM PT
  • 9. Terms You Should Know What is your loss, our profit? Well, this Expectation Value Matrix was made from your perspective, so you are likely to lose four cents every time you play. Once again, I say likely because the more you play the game that more accurate to losing four 9 Trevor Fox Wednesday, May 20, 2009 2:17:03 PM PT
  • 10. cents you will get. On the other hand, we actually make low profit: we earn four cents every time someone plays. Construction Notes Materials: perfectly round wheel, wooden board, plastic flap, nails, blue felt, red felt, and black felt Game Wheel Facts: 16 slots - 12 blue - 3 red 10 Trevor Fox Wednesday, May 20, 2009 2:17:03 PM PT
  • 11. - 1black Measurements: Radius of Wheel: 14.75 in. Area of Circle: pi x (radius) 2 Area of Wheel: 3.14 x (14.75 in) 2 3.14 x 217.5625 in = 683.15 in 2 Area of a Slot: area of wheel ÷ total # of slots 683.15 in 2 ÷ 16 = 42.7 in 2 Area of Wheel: 683.15 in 2 Area of a Slot: 42.7 in 2 11 Trevor Fox Wednesday, May 20, 2009 2:17:03 PM PT
  • 12. Construction Conclusion: The construction of the casino game project named quot;You Spin Me Right Roundquot; is simple yet very effective. It consists of a wheel that is organized and nailed with only the finest building materials and supplies. The wheel is perfectly round and is not weighted on any of the sides giving the game a fair balance and causing our expected value to be more accurate. The wheel is joined with a wooden board attached to a plastic flap. The wheel is covered in felt and has 16 blue, red, and black slots on it. The construction took a few days to start because of the collection of materials, but in general the product turned out very clean and professional. 12 Trevor Fox Wednesday, May 20, 2009 2:17:03 PM PT
  • 13. Jobs Document Master - Elysia Ramirez -Rules of You Spin Me Right Round Analyst - Alejandra Mendoza -Figures out all the possibilities and probabilities of the game Actuary - Joe Pemberton -Adjusts payoff matrix and figures expected value 13 Trevor Fox Wednesday, May 20, 2009 2:17:03 PM PT
  • 14. Contruction Expert - Trevor Fox -Builds game wheel and calculates area 14 Trevor Fox Wednesday, May 20, 2009 2:17:03 PM PT