Suppose that rather than flipping a coin, one rolls a die. if the value is 1, 2, 3, or 4, the player wins $1. if it is 5 or 6, t he player loses $1. calculate the expected return.
1 answer:
4/6 chance of winning $1 (can be simplified to 2/3 or 0.667) an 2/6 chance of losing $1( can be simplified to 1/3 or 0.333)
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Answer:
1. 3
2. 1
3. 9
4. 30
Step-by-step explanation:
1. 2*(18/12) = 3
2. 3*(5/15) = 1
3. 4*(45/20) = 9
4. 21*(10/7) = 30
