Question: Scott offers you the following game You will roll two

Scott offers you the following game: You will roll two fair dice. If the sum of the two numbers obtained is 2, 3, 4, 9, 10, 11, or 12, Scott will pay you $20. However, if the sum of the two numbers is 5, 6, 7, or 8, you will pay Scott $20. Scott points out that you have seven winning numbers and only four losing numbers. Is this game fair to you? Should you accept this offer? Support your conclusion with appropriate calculations.

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  • CreatedAugust 25, 2015
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