Suppose you pay $3.00 to roll a fair die with the understanding that you will get back $5.00 for rolling a 1 or a 6, nothing oth
erwise. What is your expected value?
A. $5.00
B. –$1.33
C. $3.00
D. –$3.00
1 answer:
Answer:
I would say D
Step-by-step explanation:
I say D because there is only a 2/6 chance of getting the 5 bucks so it's more likely to get no money back and lose the 3 bucks
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