Homework Help Question & Answers

the game of dots is played by rolling a fair die and receiving 1$ for each dot showing on the top face of the die

the game of dots is played by rolling a fair die and receiving 1$ for each dot showing on the top face of the die. What cost should be set for each roll if the game is to be considered a fair game?
0 0
Next > < Previous
ReportAnswer #1
expected value
= (1/6)(1) + (1/6)(2) + (1/6)(3) + (1/6)(4) + (1/6)(5) + (1/6)(6)
=(1/6)(1+2+3+4+5+6) = 21/6
= 3.5

so a fair cost would be $3.50
answered by: Coug
Add Homework Help Answer
Add Answer of:
the game of dots is played by rolling a fair die and receiving 1$ for each dot showing on the top face of the die
Your Answer: Your Name: What's your source?
Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Need Online Homework Help?
Ask a Question
Get FREE EXPERT Answers
WITHIN MINUTES