Players in a die-toss game using a die with numbers 1 through 6 can win the following amounts: $2 for an even number and the roll amount (in $) for an odd number ($1 for a 1; $3 for a 3, etc.). a. What are the expected earnings of this game? The expected earnings are $ b. What should a person pay when playing in order for this to be a fair game? The player should pay $ for the game.

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ISBN:9780470458365
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Players in a die-toss game using a die with numbers 1 through 6 can win the following amounts: $2
for an even number and the roll amount (in $) for an odd number ($1 for a 1; $3 for a 3, etc.).
a. What are the expected earnings of this game?
The expected earnings are $
b. What should a person pay when playing in order for this to be a fair game?
The player should pay $
for the game.
Transcribed Image Text:Players in a die-toss game using a die with numbers 1 through 6 can win the following amounts: $2 for an even number and the roll amount (in $) for an odd number ($1 for a 1; $3 for a 3, etc.). a. What are the expected earnings of this game? The expected earnings are $ b. What should a person pay when playing in order for this to be a fair game? The player should pay $ for the game.
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