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It costs $10 to play the following game. A fair die is rolled, and depending on the outcome, the player gets paid according to the
It costs $10 to play the following game. A fair die is rolled, and depending on the outcome, the player gets paid according to the table below:
Outcome 1 2 3 4 5 6
Payoff ($) 1 3 5 9 15 30
The profit is the difference between the cost and the payoff. For example, if the die shows four spots, then the profit is $9 - $10 = -$1. What is the average profit of the game?
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