Your answer for this question will be the second one on the list
The expected value of the game is $2.00.
To Find: The fair price to pay to play the game of rolling a colored die with three red sides, two green sides, and one blue side
Now the question arises how to find the Fair Price
We are told that in the game of rolling the colored die;
A roll of a red loses.
A roll of blue pays 5.00 and A roll of green pays 2.00.
Now, the best game to get the fairest price is to play; RRRGGB i.e (RED, RED, RED, GREEN, GREEN,BLUE)
Fair price = 2(3/6) + 6(1/6) + 0(2/6)
Fair price = $2
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Answer:
175
Step-by-step explanation:
500 times 35/100
simplify
