You are given 7 to 1 odds against rolling a sum of 6 with the roll or two fail dlce meaning you win $7 if you succeed and $1 if you fail. Find the expected value (to you) of the game.

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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You are given 7 to 1 odds against rolling a sum of 6 with the roll or two fair dice,
meaning you win $7 if you succeed and $1 if you fail. Find the expected value
(to you) of the game.
Select one:
a. $0.11
b. $5.89
C. $0.33
d. $1.83
Transcribed Image Text:You are given 7 to 1 odds against rolling a sum of 6 with the roll or two fair dice, meaning you win $7 if you succeed and $1 if you fail. Find the expected value (to you) of the game. Select one: a. $0.11 b. $5.89 C. $0.33 d. $1.83
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