uppose you play a game of chance where you roll a pair of dice. You pay a nonrefundable $2 to play the game. If the number of pips on both dice is even, you win $6. Otherwise, you win nothing. Over the long term, what is your expected profit/loss of pl

uppose you play a game of chance where you roll a pair of dice. You pay a nonrefundable $2 to play the game. If the number of pips on both dice is even, you win $6. Otherwise, you win nothing. Over the long term, what is your expected profit/loss of pl

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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Suppose you play a game of chance where you roll a pair of dice. You pay a nonrefundable $2 to play the game. If the number of pips on both dice is even, you win $6. Otherwise, you win nothing.

Over the long term, what is your expected profit/loss of playing the game?

2. If you played this game 100 times, how much would you expect to win /lose?

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