A single die is rolled once. You win $5 if a 1 or 2 turns up and

Question:

A single die is rolled once. You win $5 if a 1 or 2 turns up and $10 if a 3, 4, or 5 turns up. How much should you lose if a 6 turns up in order for the game to be fair? Describe the steps you took to arrive at your answer.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

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