Question
Here's mydilemma, I can accept a $1500 bill or play a game ten times. For each roll of the singledie, I win $500 for rolling
Here's mydilemma, I can accept a $1500 bill or play a game ten times. For each roll of the singledie, I win $500 for rolling 1 or2; I win $100 for rolling3; and I lose $300 for rolling4, 5, or 6. Based on the expectedvalue, I should accept the $1500? Does this make sense? what is the expected value after 10 rolls?
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Discovering Advanced Algebra An Investigative Approach
Authors: Jerald Murdock, Ellen Kamischke, Eric Kamischke
1st edition
1559539844, 978-1604400069, 1604400064, 978-1559539845
