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Home Q & A Board Science-Related Homework Help Mathematics Statistics and Probability
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Lighting2551 Lighting2551
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4 years ago
Provide an appropriate response.

In a carnival game, a person wagers $2 on the roll of two dice.  If the total of the two dice is 2, 3, 4, 5, or 6 then the person gets $4 (the $2 wager and $2 winnings).  If the total of the two dice is 8, 9, 10, 11, or 12 then the person gets nothing (loses $2).  If the total of the two dice is 7, the person gets $0.75 back (loses $0.25).  What is the expected value of playing the game once?

▸ -$0.42

▸ $0.00

▸ -$0.04

▸ $2.00
Textbook 
Statistics: Informed Decisions Using Data

Statistics: Informed Decisions Using Data


Edition: 5th
Author:
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Antoinette12Antoinette12
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Lighting2551 Author
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4 years ago
You make an excellent tutor!
Marcie D
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this is exactly what I needed
riptide
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Helped a lot
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