Mathematics, 02.05.2021 01:40 luislopez05

Someone has offered you a wager on the outcome of a die roll. You will pay him $100 for each time the standard, six-sided die lands on one, and he will pay you
$30 for each time the die
lands on any other number. Without your awareness, he has loaded the die so that it has a 40% change to land on the number one, and besides
that an equal change to land on any of the values 2 through 6. What is the expected value of one round of gambling in this scenario?

A. 2$
B. -12$
C. -22$
D. -32$

Answers: 3

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Someone has offered you a wager on the outcome of a die roll. You will pay him $100 for each time...