A game is played using one fair 6-sided die. If the die is rolled and shows 2, the player wins $6.00. If the die shows any number other than 2, the player wins nothing. If there is a charge of $3.00 to play the game, what is the game's expected value?

A game is played using one fair 6-sided die. If the die is rolled and shows 2, the player wins $6.00. If the die shows any number other than 2, the player wins nothing. If there is a charge of $3.00 to play the game, what is the game's expected value?

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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Question

A game is played using one fair 6-sided die. If the die is rolled and shows 2, the player wins $6.00. If the die shows any number other than 2, the player wins nothing.

If there is a charge of $3.00 to play the game, what is the game's expected value?

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