Solve the problem.
-Suppose you pay $\$ 1.00$ to roll a fair die with the understanding that you will get back $\$ 3.00$ for rolling 6 or 4 . What are your expected winnings?
A) $\$ 0$
B) $\$ 3.00$
C) $\$ 1.00$
D) $-\$ 2.00$

Question

Quizplus · Accepted Answer

The probability of rolling a 6 or 4 is $ \frac{2}{6} = \frac{1}{3} $. The expected winnings are $ \frac{1}{3} \times 3 - 1 = 0 $.

Solve the Problem $1.00\$ 1.00$1.00 To Roll a Fair Die with the Understanding That You

Solve the Problem $\$ 1.00$ To Roll a Fair Die with the Understanding That You