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Bob is playing a game by rolling a fair die. If he rolls a 2. Bob win $200. If it is not a '2', he pays $20. What is the expected value of ·laying this game? --0.17 O 0.17 1.7 7 70.

Bob is playing a game by rolling a fair die. If he rolls a 2. Bob win $200. If it is not a '2', he pays $20. What is the expected value of ·laying this game? --0.17 O 0.17 1.7 7 70.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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**Problem:** Bob is playing a game by rolling a fair die. If he rolls a '2', Bob wins $200. If it is not a '2', he pays $20. What is the expected value of playing this game? **Options:** - 0 - 0.17 - 1.7 - 17 - 170 - None of the Above
Transcribed Image Text:**Problem:** Bob is playing a game by rolling a fair die. If he rolls a '2', Bob wins $200. If it is not a '2', he pays $20. What is the expected value of playing this game? **Options:** - 0 - 0.17 - 1.7 - 17 - 170 - None of the Above
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Step 1: Given Information:

A fair die is rolled by Bob.

If he rolls a 2, he wins $200.

If he doesn't roll a 2, he loses $20.


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