Question

Asked Apr 19, 2019

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A certain game consists of rolling a single fair die and pays off as follows:

$88

for a 6,
$22

for a 5,
$11

for a 4, and no payoff otherwise. Find the expected winnings for this game.The expected winnings for this game are

--.

(Round to the nearest hundredth.)

Step 1

Let xi denote the pay off for getting the number i on the fair die, then x6=$88, x5=22, x4=$11 , x3=x2=x1=0. We know that ...

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