Spin or Stay? Spin the Price Is Right Big Wheel

Spin the Wheel
The wheel has the dollar values $0.05 through $1.00 in increments of $0.05. The goal is to spin the wheel, getting closest to $1.00 without going over. You can spin two times if you like.[br][br][b][i]The question is this: When should you spin again or when should you stay with the first spin?[br][/i][/b][br]In the applet, you select your decision point, which is set to $0.50 by default. This means that if you spin $0.50 or less, you will spin again (or if your first spin is more than $0.50, you will stay with the spin and not spin again). The dot plot displays the total of your spin or spins for 100 random trials. [br][br]Every time you click and drag the LABEL of the slider will re-randomize the simulation without changing the decision point. If you drag the slider change the decision point, you will also re-randomize the simulation.[br][br]You are given the number of time you [b]LOSE[/b] and the number of times you [b]IMPROVED YOUR POSITION[/b] by spinning a second time.

Information: Spin or Stay? Spin the Price Is Right Big Wheel