Suppose you pay $1.00 to roll a fair die with the understanding you will get $3.00 back rolling a 4 or a 2, and nothing otherwis
e. What is the expected amount you will win?
1 answer:
There are 2 chances out of 6 to win $3
Every 6 rolls you are expected to win $6
Every 3 rolls you are expected to win $3.
On average, even though it's impossible, every roll you would make $1.
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