Mathematics, 27.04.2021 05:50, brae0
Consider a game in which a participant pays $2 to roll a die.
The participant receives $3 if they roll a 1 (i. e. they go up by a
$1) and they receive $4 if they roll a 6 (i. e. they go up by $2).
If they roll any other number they lose their $2 (i. e. they lost
$2).
What is the average expected monetary value of a single roll?
Answers: 1
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Consider a game in which a participant pays $2 to roll a die.
The participant receives $3 if they...
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