Lucy and Ethel play a game of chance in which a pair of fair dice is rolled

Question:

Lucy and Ethel play a game of chance in which a pair of fair dice is rolled once. If the result is 7 or 11, then Lucy pays Ethel $10. Otherwise, Ethel pays Lucy $3. In the long run, which player comes out ahead, and by how much?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Finite Mathematics and Its Applications

ISBN: 978-0134768632

12th edition

Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair

Question Posted: