Suppose yOu have two fair dice, each with 6 faces. e One die is coloured blue and has the following faces: {1, 1, 1,2, 2, 3}. o The other die is coIOured red, and has the following faces {1, 1, 2, 2,3,3}. You found in Term Test 3 that the probability distributions for these dice are 1/2 m=1 p3(m)= 1/3 m=2 19300:; 1/6 m=3 for all n E {1, 2, 3}, where {.03 corresponds to the blue die, and 1);; corresponds to the red die. 2. Consider the dice dened in the box at the top of the page. (i) You're playing a game against Alexey. You have the blue die and Alexey has the red die. You both pay $1 and roll your die. Moever rolls the higher number Wins the money. If both dice are the same, both players get their money back. What is the expected value of your winnings if you play one round of this game? (Note that if you pay $1 to play the game, and Win $2, you have won $1). (ii) You and Alexey play another round of the same game, but you now switch dice. What is the expected value of your Winnings