A game of consists of rolling a special 8-sided color die: 3 sides red, 2 sides green and 3 sides blue. A roll of red wins $1, a roll of green wins $2 and a roll of blue losses. It cost $1 to play. What is the expected value and is the game fair? $0. 125 Fair O-$0.125 Fair O $1.00 Fair $0. 225 Fair O-$0. 125 Not fair -$0. 225 Not fair O-$1.00 Not Fair $0. 125 Not Fair

A game of consists of rolling a special 8-sided color die: 3 sides red, 2 sides green and 3 sides blue. A roll of red wins $1, a roll of green wins $2 and a roll of blue losses. It cost $1 to play. What is the expected value and is the game fair? $0. 125 Fair O-$0.125 Fair O $1.00 Fair $0. 225 Fair O-$0. 125 Not fair -$0. 225 Not fair O-$1.00 Not Fair $0. 125 Not Fair

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Description: A game of consists of rolling a special 8-sided color die: 3 sides red, 2 sidesgreen and 3 sides blue. A roll of red wins $1, a roll of green wins $2 and a rollof blue losses. It cost $1 to play. What is the expected value and is the gamefair?$0. 12

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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Concept explainers

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.

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Question

A game of consists of rolling a special 8-sided color die: 3 sides red, 2 sides
green and 3 sides blue. A roll of red wins $1, a roll of green wins $2 and a roll
of blue losses. It cost $1 to play. What is the expected value and is the game
fair?
$0. 125 Fair
O-$0.125 Fair
O $1.00 Fair
$0. 225 Fair
O-$0. 125 Not fair
-$0. 225 Not fair
O-$1.00 Not Fair
$0. 125 Not Fair

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