Mathematics, 06.05.2020 05:03, ajbrock1004

2. Consider the following gambling game, based on the outcome of the total of 2 dice:
- if the total is a multiple of 3, you win $4
- if the total is 2, 4, 8 or 10, you win $1
- otherwise, you lose $2.
a. Find the expected value of this game.
b. Determine if it is a fair game.

Answers: 2

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2. Consider the following gambling game, based on the outcome of the total of 2 dice:
- if the...