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Home Q & A Board Science-Related Homework Help Mathematics Statistics and Probability
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ujesssss ujesssss
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4 years ago
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A dice game involves throwing three dice and betting on one of the six numbers that are on the dice. The game costs $5 to play, and you win if the number you bet appears on any of the dice. The distribution for the outcomes of the game (including the profit) is shown below:

Find your expected profit from playing this game.

▸ $2.88

▸ $0.50

▸ -$0.62

▸ $5.17
Textbook 
Statistics: Informed Decisions Using Data

Statistics: Informed Decisions Using Data


Edition: 5th
Author:
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DryPhantomDryPhantom
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#2
3 years ago
Thanks for the answer, but I have a similar question where it costs $8 to play.

A dice game involves rolling three dice and betting on one of the six numbers that are on the dice. The game costs $8 to play, and you win if the number you pick appears on any of the dice. The distribution for the outcomes of the game (including the profit) is shown below...



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