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Mathematics, 24.11.2019 21:31, minecraftsam2018
Eleven people have eleven different favorite numbers from 2 to 12. they all agree to participate in a 10,000-roll dice game where they bet $1 on their favorite number for each roll of two standard (fair) dice. a donor kicks in an extra dollar every round, so the payoff if your number comes up is $12. a. assuming everyone bets on all 10,000 rounds, what is the expected value for a person who has number 7? (show your calculations.) b. assuming everyone bets on all 10,000 rounds, what is the expected value for a person who has number 2? (show your calculations.)
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Eleven people have eleven different favorite numbers from 2 to 12. they all agree to participate in...
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