Mathematics: Two players P1 and P2 agree to play the following game. Each puts up a stake of 1 unit. They will play seven rounds, where each round involves flipping a fair coin. If the coin comes up H, P1 wins the round, otherwise P2 wins. The first player to win four rounds gets both stakes. After four rounds, P1 has won three rounds and P2 has won one round, but they have to stop. What is the fairest way to divide the stakes?

Two players P1 and P2 agree to play the following

graciebrene1590

29.10.2021

70 percent

Step-by-step explanation:

Lets assume initial cost price (CP) which is 100.

The profit (P) is 320 (320% of 100 is 320) understood?

Selling Price (SP) is CP +P. So SP must be 420

so basically Now CP increases by 25%. So new cost price (CP1) is 125.

SP remains constant at 420

New profit (P1) is SP - CP1 = 295

P1 as a percentage of SP is (295/420) x 100 = 70%

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