I offer you a game where I give you $30.00 if you roll a "1" or a "2" on a standard fair dice. otherwise, if you roll anything else, you pay $12.a. is this fair game?b. what is the expected value?c> hojw much would you expect to make or lose in 100 rolls?
I offer you a game where I give you $30.00 if you roll a "1" or a "2" on a standard fair dice. otherwise, if you roll anything else, you pay $12.
a. is this fair game?
b. what is the expected value?
c> hojw much would you expect to make or lose in 100 rolls?
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