6. You and your friend decide to play a game at a carnival that costs you $1 to play. The game involves flipping two coins and rolling a 6-sided die. If you flip two heads and roll a 3 on the die you win $25. If you flip two heads and roll an even number, you win $10. If you flip two tails with any dice roll, you win $5. a. List all of the possible outcomes for this game (i.e., the sample space). b. Calculate your expected value for this game. Game Outcome Probability c. Is this game profitable over time? How do you know?
6. You and your friend decide to play a game at a carnival that costs you $1 to play. The game involves flipping two coins and rolling a 6-sided die. If you flip two heads and roll a 3 on the die you win $25. If you flip two heads and roll an even number, you win $10. If you flip two tails with any dice roll, you win $5. a. List all of the possible outcomes for this game (i.e., the sample space). b. Calculate your expected value for this game. Game Outcome Probability c. Is this game profitable over time? How do you know?
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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