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Abstract

A popular game played in each broadcast of the United States television game show “The Price is Right” has contestants spinning a large wheel comprised of twenty different monetary values (in 5-cent increments from $0.05 to $1.00). A player wins by scoring closest to, without exceeding, $1.00. Players may accomplish this in one or a total of two spins. We develop a spreadsheet modeling exercise, useful in an introductory undergraduate Spreadsheet Analytics course, to simulate the spinning of the wheel and to determine optimal spinning strategies.

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