You've won! For a door prize, you get to choose between the two options shown. Which is the better prize? Why?
*PRIZE 1: You get $60 immedietly*PRIZE 2: You get $1 the first day. Then each day for the next five days, you get twice the previous day's
Thank you for the opportunity to help you with your question!
Prize two is better:
Day 1= $1
Day 3= 2x2=$4
Day 4= 4x2=$8
Day 5= 8x2=$16
If you add 1+2+4+8+16+32=$63
Thus, prize two is better because you get an extra $3
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