a certain consist of rolling a single fair die and pays off as follows: $7 for a 6, $2 for a 5, $1 for a 4, and no payoff otherwise.
What is the expected winnings for the game.
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a certain consist of rolling a single fair die and pays off as follows: $7 for a 6, $2 for a 5, $1 for a 4, and no payoff otherwise. What is the expected winnings for the game.
a certain game consist of rolling a single fair die and pays off as follows: $5 for a $6, $4 for a 5, $3 for a 4 and no payoff otherwise. find the expected winnings for this game
A player pays $4 to play the following game: He tosses three fair coins and receives back “payoff” of $1 if he tosses no heads, $2 for one head, $4 for 2 heads, and $6 for 3 heads.Find the player’s expected net winnings for this game.
2. A game of chance costs $5 to play and consists of rolling a five fair dice. If at least four of the dice shows a number (strictly) greater than 2 then the player wins $10. (a) What is the expected net winnings from one game? (b) Suppose that a gambler plans to keep playing this game until he has lost a total of four games, what is his expected net loss or net winnings under this strategy?
(1 point) A game of chance involves rolling an unevenly balanced 4-sided die. The probability that a roll comes up 1 is 0.21, the probability that a roll comes up 1 or 2 is 0.44, and the probability that a roll comes up 2 or 3 is 0.55 . If you win the amount that appears on the die, what is your expected winnings? (Note that the die has 4 sides.)
2. A player pays $3 to play the following game: He rolls a die and receives $7 if he tosses a 6 and $1 for anything else. Find the player's expected net winnings for the game. What is the standard deviation?
You and a friend are rolling a seet of 7 die. The game works such that if a die shows the values 1,2,3 or 4 you will get a point for that die. Each die that shows a 5 or 6 your friend will get a point for. Construct a probability model for a single roll of the dice then answer the following: step 1 of 5: What is the probability that YOU made 2 points? Step 2 of 5:...
A single, fair 6-sided die is tossed. Find the odds in favor of rolling a 1. What are the odds in favor of rolling a 1? to (Simplify your answer.)
A friend devises a game that is played by rolling a single six-sided die once. If you roll a 6, he pays you $3; if you roll a 5, he pays you nothing; if you roll a number less than 5, you pay him $1.
A game of chance involves rolling a 17-sided die once. If a number from 1 to 3 comes up, you win 2 dollars. If the number 4 or 5 comes up, you win 7 dollars. If any other number comes up, you lose. If it costs 4 dollars to play, what is your expected net winnings? Answer = _____ dollars. Please include work to help me better understand how to solve.
You are playing a gambling game with a 12-sided die. If you roll an odd number, then you lose $6. If you roll an even number, then you win that amount in dollars (i.e., you roll a 2, you win $2, etc). What is the Expected average winnings/losings of this game? x = die roll P(x) Payoff(x) P(x)*Payoff(x) 1 2 3 4 5 6 7 8 9 10 11 12 E =