7 Carl bets one dollar to play a game of 3 dice. If he rolls ”6” on one, two or three dice, then he takes the dollar back and win as many dollars as the number of dice which rolled ”6” (meaning 3 dollars max). If no die rolls a ”6”, Carl loses his bet. How much money is Carl expected to win if he continues playing this game numerous times? How much does Carl need to bet so in the long run he loses nothing and gains nothing
7 Carl bets one dollar to play a game of 3 dice. If he rolls ”6” on one, two or three dice, then he takes the dollar back and win as many dollars as the number of dice which rolled ”6” (meaning 3 dollars max). If no die rolls a ”6”, Carl loses his bet. How much money is Carl expected to win if he continues playing this game numerous times? How much does Carl need to bet so in the long run he loses nothing and gains nothing
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 61E: Roulette American roulette is a game in which a wheel turns on a spindle and is divided into 38...
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7
Carl bets one dollar to play a game of 3 dice. If he rolls ”6” on one, two or three dice, then he takes the dollar back and win as many dollars as the number of dice which rolled ”6” (meaning 3 dollars max). If no die rolls a ”6”, Carl loses his bet.
How much money is Carl expected to win if he continues playing this game numerous times?
How much does Carl need to bet so in the long run he loses nothing and gains nothing
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