Mathematics, 20.07.2021 23:10 20jmurphy82

You play a game where you roll a single die. You pay $1 to play, and the payouts are $0.50 if you roll an even number, $2 if you roll a 1, and $1 if you roll a 3 or 5.
2. What are the odds for winning money if you play this game? Show your work and Explain.
dan
3. What is the expected value of this game? Show your work and Explain what the results mean.

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You play a game where you roll a single die. You pay $1 to play, and the payouts are $0.50 if you ro...