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A player pays $ 1 to play a game where three fair dice are rolled. It three 6s are obtained

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A player pays $ 1 to play a game where three fair dice are rolled. It three 6s are obtained the player wins $500. and otherwise the player wins nothing. What are the expected net winnings of this game? Would you want to play this game? Does your answer depend upon how many times you can play the game?

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P three sixes are rolled 1 6 1 6 1 6 …View the full answer


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Probability And Statistics For Engineers And Scientists

Probability And Statistics For Engineers And Scientists

ISBN: 9780495107576

3rd Edition

Authors: Anthony Hayter

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Question Posted: June 22, 2016 07:03:13
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