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2. The Die Game You roll a die. If it comes up a 6, you win $100. If not, you get to roll again. If you get a 6 on the second roll, you win $50. If not you, you lose. a. Write the probability distribution for the amount you win. b. Find the expected amount that you will win. C. What would you be willing to pay to play this game?

2. The Die Game You roll a die. If it comes up a 6, you win $100. If not, you get to roll again. If you get a 6 on the second roll, you win $50. If not you, you lose. a. Write the probability distribution for the amount you win. b. Find the expected amount that you will win. C. What would you be willing to pay to play this game?

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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2. The Die Game You roll a die. If it comes up a 6, you win $100. If not, you get to roll again. If you get a 6 on the second roll, you win $50. If not you, you lose a. Write the probability distribution for the amount you win. b. Find the expected amount that you will win. C. What would you be willing to pay to play this game? F10 F7 F8 F4 F5 F6
Transcribed Image Text:2. The Die Game You roll a die. If it comes up a 6, you win $100. If not, you get to roll again. If you get a 6 on the second roll, you win $50. If not you, you lose a. Write the probability distribution for the amount you win. b. Find the expected amount that you will win. C. What would you be willing to pay to play this game? F10 F7 F8 F4 F5 F6
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