Mathematics, 08.10.2021 16:00 zacksoccer8279

You roll a die. If it comes up a 5 or 6, you win $. If not, you get to roll again. If you get the second time 5 or 6, you win $10. If not, you lose. a) Create a probability model for the amount you win.

b) Find the expected amount you'll win.

c) What should you be willing to pay to play this game?

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You roll a die. If it comes up a 5 or 6, you win $. If not, you get to roll again. If you get the se...

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You roll a die. If it comes up a 5 or 6, you win $. If not, you get to roll again. If you get the second time 5 or 6, you win $10. If not, you lose. a) Create a probability model for the amount you win. b) Find the expected amount you'll win. c) What should you be willing to pay to play this game?

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