Using your dice with two fives and no ones, imagine that you are playing a simple...
Homework Answers
P(2) = 1/6 with paid $2
P(3) = 1/6 with $3
P(4) = 1/6 with $4
P(5) = 2/6 with $5
P(6) = 1/6 with $6
(Paid $1 per pip)
Expected value = 2/6 + 3/6 + 4/6 + 10/6 + 6/6
= 25/6
= 4.1666
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