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You play a gambling game with a friend in which you roll a die. If a 1 or 2 comes up, you win $ 5
You play a gambling game with a friend in which you roll a die. If a 1 or 2 comes up, you win $5. Otherwise you lose $2. What is your expected value for this game? Round your answer to the nearest cent.
When I did my formula I wrote it out 5(2/6) -2(4/6)=, and I get $0.3, I also did it backwards to get -$0.3. It keeps coming up wrong. Is there something that I am doing incorrect?
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