GeiW0a8dalicepenaitl GeiW0a8dalicepenaitl

06-12-2016
Mathematics

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a certain game consists of rolling a single fair die and pays off as follows: $5 for a 6, $2 for a 5, $1 for a 4, and no payoff otherwise. find the expected winnings for this game.

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nobillionaireNobley nobillionaireNobley

08-12-2016

E(winnings) = (5 x (1/6)) + (2 x (1/6) + (1 x (1/6)) = 5/6 + 2/6 + 1/6 = 8/6 = $1.33

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