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Mathematics, 25.12.2019 03:31 Suttyyyyyybear9275
Use scenario 6-5.consider the following game. you pay me an entry fee of x dollars; then i roll a fair die. if the die shows a number less than 3 i pay you nothing; if the die shows a 3 or 4, i give you back your entry fee of x dollars; if the die shows a 5, i will pay you $1; and if the die shows a 6, i pay you $3. what value of x makes the game fair (in terms of expected value) for both of us?
a.$2
b.$4
c.$1
d.$0.75
e.$0.5
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Use scenario 6-5.consider the following game. you pay me an entry fee of x dollars; then i roll a f...
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