You roll a die. If it comes up a six, you win $90. If not, you get to roll again. If you get a six the second time, you get $40. If not you lose.   A) create a probability model for the amount you win at this game   B) find the expected value of your winnings   C) In order to break even, what is the most you should play this game?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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You roll a die. If it comes up a six, you win $90. If not, you get to roll again. If you get a six the second time, you get $40. If not you lose.

 

A) create a probability model for the amount you win at this game

 

B) find the expected value of your winnings

 

C) In order to break even, what is the most you should play this game?

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