Question: 1. (10 marks) (Dynamic Programming) Consider the following game. You are given a fair six sided die1 with faces {1}2,3,4}5,}. You can roll the die1

1. (10 marks) (Dynamic Programming) Consider the
1. (10 marks) (Dynamic Programming) Consider the following game. You are given a fair six sided die1 with faces {1}2,3,4}5,}. You can roll the die1 and obtain a payo equal to the value shown on the die, or you can choose to roll again. Note that if you choose to roll again, you can only get the new payoff or roll again. You can roll the die up to four times. What is your expected gain? assuming you follow the optimal strategy? Note: Do not write Matlab code to solve this problem, this is a pencil and paper exercise

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