The expected value is -$0.33.
The probability of winning is 1/6. The probability of losing is 5/6.
If you win, your prize is 10-2 = 8, since you paid $2 to pay the game. If you lose, you lose the $2 you spent.
The expected value would be the probability of winning, 1/6, multiplied by the winnings, 8, added to the probability of losing, 5/6, multiplied by the loss, -2:
1/6*8 + 5/6(-2) = 8/6 - 10/6 = -2/6 = -0.33
X=-3y+6 That is the answer.
Depends on if you want it rounded.
14.47
