Mathematics, 10.05.2021 20:10 caguil00
You pay $2 to play a game in which you roll one fair die. If you roll a 5 on the first roll, you win $5. If you roll a 1 or a 2, you win $3. If not, you lose your money. Use this information to answer questions 1-2.
Find the expected value for this game? Round your answer to the hundredths place
Find the fair price for this game. Round your answer to the hundredths place
Answers: 1
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You pay $2 to play a game in which you roll one fair die. If you roll a 5 on the first roll, you win...
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