Lucky Lonnie has a loaded die that lands with the following probabilities: Die shows: 1 2...

 

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Lucky Lonnie has a loaded die that lands with the following probabilities: Die shows: 1 2 3 4 5 6 Probability 1/4 1/6 1/8 1/6 1/8 1/6 What is the expected value for the game in #1 if Lonnie uses his 'special' die? Is the game fair (assuming it still costs $2 to play)? Lucky Lonnie has a loaded die that lands with the following probabilities: Die shows: 1 2 3 4 5 6 Probability 1/4 1/6 1/8 1/6 1/8 1/6 What is the expected value for the game in #1 if Lonnie uses his 'special' die? Is the game fair (assuming it still costs $2 to play)?

Answer rating: 100% (QA)

Solution Lets as the the loaded die Possible out comes are with Probabilities 2 6 Respectively The ... View the full answer