game: roll two die. win a prize based off the sum of the die rolled.
cost of playing the game...
Mathematics, 10.07.2019 21:30 traybrown0690
game: roll two die. win a prize based off the sum of the die rolled.
cost of playing the game is $1
prizes:
-win $10 if your sum is odd.
-win $5 if you roll a sum of 4 or 8.
-win $50 if you roll a sum of 2 or 12.
explain how to find the expected value of playing this game. what is the expected value of playing this game? show your work.
interpret the meaning of the expected value in the context of this game. why should someone play or not play this game? give your answer in complete sentences.
Answers: 3
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