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Take a Test - Halley Koster
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202002 MAT 110B - Math for Liberal Arts (CRN 21366)
Halley Koster :
Quiz: CH 11 Online Quiz
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A game is played using one die. If the die is rolled and shows 3, the player wins $10. If the die shows any number other than 3, the player wins nothing. Complete parts
(a) through (b) below.
a. If there is a charge of $2 to play the game, what is the game's expected value?
$
(Round to the nearest cent.)
b. What does this expected value mean? Choose the correct statement below.
tt
O A. The player can expect to break even over the long run.
OB. This value represents the expected loss over the long run for each game played.
O C. This value represents the expected win over the long run for each game played.