A game is played using one fair 6-sided die. If the die is rolled and shows...

 

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A game is played using one fair 6-sided die. If the die is rolled and shows 5, the player wins $10.00. If the die shows any number other than 5, the player wins nothing. If there is a charge of $3.00 to play the game, what is the game's expected value? The game's expected value is Hint A game is played using one fair 6-sided die. If the die is rolled and shows 5, the player wins $10.00. If the die shows any number other than 5, the player wins nothing. If there is a charge of $3.00 to play the game, what is the game's expected value? The game's expected value is Hint

Answer rating: 100% (QA)

In this game there is only one way to win which is if the die shows a 5 Since there ... View the full answer