In a gambling casino, you play the game of selecting a number from 1 to 6 before
Question:
In a gambling casino, you play the game of selecting a number from 1 to 6 before the operator rolls three fair dice simultaneously. The casino pays you as many dollars as the number of dice that match your selection. If there is no match, you pay the casino only $1. Determine your long-run expected payoff.
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P1 match 6x 161616 Pli match...View the full answer
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