A person plays a gambling game in which a six-sided die is rolled once. The person bets

Question:

A person plays a gambling game in which a six-sided die is rolled once. The person bets $5 on the numbers 1 and 2. the number 1 or 2 is rolled, the person will get the $5 he bet plus another $5. If the number 3, 4, or 5 is rolled, the person will lose the $5 he bet. If the number 6 is rolled, the person will get back the $5 he bet but won’t get additional money. If he were to play the game 10,000 times over the course of his life, would he most likely win or lose money overall? Refer to probabilities to help explain.
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: