Question

In a carnival game, you roll 2 dice. if the sum is 6, you receive a $5 payoff. if the sum is 12, you receive a $9 payoff. otherwise, you receive no payoff. what is the expected payoff? (round your answer to two decimal places.) answer

Answer 1

P(sum = 6)  = 5/36 ;  P(sum = 12) = 1/36

expected payoff = (5/36)(5) + (1/36)(9)  =   $0.94