A player losses a fair 6 sided dice. If the number on the die is a 3 or an 5 he receives $5 if the number on the die is 2, he receives $4. For any other number, he must pay $7. What is the expected value of this game (for the player)? Give answer rounded to 2 decimal places.
A player losses a fair 6 sided dice. If the number on the die is a 3 or an 5 he receives $5 if the number on the die is 2, he receives $4. For any other number, he must pay $7. What is the expected value of this game (for the player)? Give answer rounded to 2 decimal places.
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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A player losses a fair 6 sided dice. If the number on the die is a 3 or an 5 he receives $5
if the number on the die is 2, he receives $4. For any other number, he must pay $7.
What is the expected value of this game (for the player)? Give answer rounded to 2 decimal
places.
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