2nd Edition

ISBN: 9781259985607

Author: David Sobecki Professor, Brian A. Mercer

Publisher: McGraw-Hill Education

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Textbook Question

Chapter 2, Problem 34LOR

Suppose you decide to set up a simple dice-rolling game at a carnival and you plan to pay $1 for a 1 or 2, $2 for a 3 or 4, and $3 for a 5 or 6. If each player pays you $2 for each roll, YOU would make $1 if the player rolled a 1 or 2, $0 if the player rolled a 3 or 4, and lose $1 if the player rolled a 5 or 6. Those outcomes have been completed in the table.

Outcome (X)	Probability P ( X )	Product X ⋅ P ( X )
$1
$2
–$1

Is this a fair game? Would it make sense for you to offer this game? Explain.

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Chapter 2, Problem 33LOR

Chapter 2, Problem 35LOR

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Solution Summary: The author explains that a fair game is set up in which the player has to roll the dice and if it’s 1 or 2 then the game owner will get 1.

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