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 $3.50
answered by: Coug
Know the answer?
Add Answer of:
the game of dots is played by rolling a fair die and receiving 1$ 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.
Similar Homework Help Questions
Need Online Homework Help?
Ask a Question
Get FREE Expert Answers
WITHIN MINUTES