Danger Price is another Pricing Game from The Price Is Right I have students analyze to learn about Probability. This one, like Flip Flop just requires students know the definition. Let's get right into it:
Here is another classic pricing game from The Price Is Right. Watch Danger Price and then use what you know about probability to answer these questions.
(a) What is the probability of winning Danger Price if the contestant plays blindly (i.e. just guessing)?
(b) Are there strategies a savvy contestant can use to increase their chances of winning Danger Price?
(c) The actual probability of winning Danger Price based on historical data is .361. What does this imply about your answer to part b?
You can get 40 years of pricing game stats here. Freaking awesome.
A few more Danger Price plays from the TPIR Web site.