Suppose you pay $1.00 to roll a fair die with the understanding that you will get back $3.00 for rolling a 5 or a 2, nothing otherwise. What is your expected value?
A) $1.00
B) $0.00
C) $3.00
D) −$1.00

Name: Suppose you pay $1.00 to roll a fair die with the understanding that you will get back $3.00 for rolling a 5 or a 2, nothing otherwise. What is your expected value? A) $1.00 B) $0.00 C) $3.00 D) −$1.00
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Question

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The Answer is B

Suppose You Pay $1