Question: A friend devises a game that is played by rolling a single six-sided die once. If you roll a 6, he pays you $3. If
A friend devises a game that is played by rolling a single six-sided die once. If you roll a 6, he pays you $3. If you roll a 5, he pays you nothing. If you roll a number less than 5, you pay him $1. (NOTE: you did not pay any money to play this game) Should you play this game? Compute the expected value for this game. Round to the nearest cent. [ Select ]
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