Answered: Roll a pair of four-sided dice. If the…

Roll a pair of four-sided dice. If the sum is 2 or 8, win $10. If the sum is 3 or 7, win $5. Otherwise, you win nothing. What should the price to play this game be in order for it to be a fair game?

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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Question

5.) Roll a pair of four-sided dice. If the sum is 2 or 8, win $10. If the sum is 3 or 7, win $5.
Otherwise, you win nothing. What should the price to play this game be in order for it to be a fair
game?

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