Mathematics, 01.05.2021 03:40 broyochey1

Suppose you pay $3.00 to roll a fair die with the understanding that you will get back $5.00 for rolling a 1 or a 6, nothing otherwise. What is your expected value? A. $5.00

B. –$1.33

C. $3.00

D. –$3.00

Answers: 3

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More questions: Mathematics Another questions

Suppose you pay $3.00 to roll a fair die with the understanding that you will get back $5.00 for rolling a 1 or a 6, nothing otherwise. What is your expected value? A. $5.00 B. –$1.33 C. $3.00 D. –$3.00

Answers

Another question on Mathematics

Suppose you pay $3.00 to roll a fair die with the understanding that you will get back $5.00 for rolling a 1 or a 6, nothing otherwise. What is your expected value? A. $5.00

B. –$1.33

C. $3.00

D. –$3.00