e fair?

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter9: Counting And Probability
Section9.4: Expected Value
Problem 15E: A Game of Chance A box contains 100 envelopes. Ten envelopes contain $10 each, ten contain $5 each,...
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A person pays 2 pesos to play a certain game by rolling a single die once. If a 1 or a 2 comes up, the person wins nothing. If, however, the player rolls a 3, 4, 5, or 6, he or she wins the difference between the number rolled and 2 pesos. Find the expectation for this game. Is the game fair?
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