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Problem

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Textbook Expert
Textbook ExpertVerified Tutor
29 Nov 2021

Given information

If you roll a die and you get  you win $.

If you roll a die and get  win $.

If you roll a die and get  you lose $.

Step-by-step explanation

Step 1.

To get the expected average value formula would be

Now,

X P(X)  X.P(X)
10      
5   
-6      
TOTAL 1  

Thus, the expected earing per game is $.

 

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Introductory Statistics
OER Edition, 2013
Openstax
ISBN: 9781938168208

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