On three rolls of a single die, you will lose $12 if a 6 turns up at least once, and you will win $8 otherwise. What is the expected value of the game?
On three rolls of a single die, you will lose $12 if a 6 turns up at least once, and you will win $8 otherwise. What is the expected value of the game?
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 1E: If a game gives payoffs of $10 and $100 with probabilities 0.9 and 0.1, respectively, then the...
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On three rolls of a single die, you will lose $12 if a 6 turns up at least once, and you will win $8
otherwise. What is theexpected value of the game?
otherwise. What is the
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