Suppose you pay $1.00 to roll a fair die with the understanding that you will get $3.00

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Suppose you pay $1.00 to roll a fair die with the understanding that you will get $3.00 back for rolling a 4 or a 2, and nothing otherwise. What is the expected amount you will win?- $1.00$0.00$3.00$0.33$1.00

Posted Date: Jun 04, 2024 01:22 AM

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Suppose you pay $1.00 to roll a fair die with the understanding that you will get $3.00

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