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:
one Square wide and 5 high
Step-by-step explanation:
The number of people who voted follows a binomial distribution with probability of having voted
and
subjects, which means the approximating normal distribution should have mean
and standard deviation
.
With the continuity correction, you have
3/8x=6.
x=6*8/3.
x=2*8.
x=16.
Nicole started with 16 feet of string.
