After a random number between 1 and 500 is generated by the program using the randint() function of Python's random library, the user will be given 15 attempts to guess what the number is by typing in raw input. The program will keep track of the number of guesses in a variable; deducting one unit for each unsuccessful attempt and ending once all guesses are spent or the user succeeds. The program will give feedback after each attempt on whether the guess is greater or less than the answer. If the user ultimately cannot figure out the number, it will reveal it at the end. After each attempt, Python's time.sleep() function produces a brief time delay to permit the user to read the feedback.