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One 8-sided die is rolled. If you get a 5, you win $10. Otherwise, you lose. It costs $2 to play the game. What is the expected value of the game? Round your answer to the nearest cent.

One 8-sided die is rolled. If you get a 5, you win $10. Otherwise, you lose. It costs $2 to play the game. What is the expected value of the game? Round your answer to the nearest cent.

A First Course in Probability (10th Edition)
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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One 8-sided die is rolled. If you get a 5, you win $10. Otherwise, you lose. It costs $2 to play the game. What is the expected value of the game? Round your answer to the nearest cent.
Transcribed Image Text:One 8-sided die is rolled. If you get a 5, you win $10. Otherwise, you lose. It costs $2 to play the game. What is the expected value of the game? Round your answer to the nearest cent.
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