(a) Find the expected value of playing the game. dollars (b) What can Alonzo expect in the long run, after playing the game many times?
(a) Find the expected value of playing the game. dollars (b) What can Alonzo expect in the long run, after playing the game many times?
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...
Related questions
Question
Alonzo is playing a game of chance in which he rolls a number cube with sides numbered from
to
. The number cube is fair, so a side is rolled at random.
1
6
This game is this: Alonzo rolls the number cube once. He wins
$1
if a
1
is rolled,
$2
if a
2
is rolled, and
$3
if a
3
is rolled. He loses
$0.50
if a
4
,
5
, or
6
is rolled.
|
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