Question

A certain game consists of rolling a single fair die and pays off as follows: $7 for a 6, $2 for a 5, $1 for a 4, and no payoff otherwise.

Answer 1

Answer:

  E Winning) = $ 1.667

Step-by-step explanation:

E(winnings) = (7 x ($\frac{1}{6}$)) + (2 x ($\frac{1}{6}$ + (1 x ($\frac{1}{6}$))

= $\frac{7}{6}$ + $\frac{2}{6}$ + $\frac{1}{6}$

  = $\frac{10}{6}$

    = $\frac{5}{3}$

   = $ 1.667