A die is rolled.If it rolls to a 1,2,or 3 you win $2.If it rolls to a 4,5,or 6 you lose $1.Find the expected winnings.
A) $0.50
B) $3.00
C) $1.50
D) $1.00

Name: A die is rolled.If it rolls to a 1,2,or 3 you win $2.If it rolls to a 4,5,or 6 you lose $1.Find the expected winnings. A) $0.50 B) $3.00 C) $1.50 D) $1.00
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Question

Quizplus · Accepted Answer

The probability of rolling a 1, 2, or 3 is 1/2, and the probability of rolling a 4, 5, or 6 is also 1/2. The expected winnings are (1/2 * $2) + (1/2 * -$1) = $0.50.

A Die Is Rolled