Question: Please answer questions 5to 7 with the information provided the Sum of Two Dice Theoretical Probability Theoretical Probability Sum of the dice as a decimal

Please answer questions 5to 7 with the information provided

Please answer questions 5to 7 with the
the Sum of Two Dice Theoretical Probability Theoretical Probability Sum of the dice as a decimal rounded as a nonreduced Fraction to three places 2 1/36 0.028 3 2/36 0.056 3/36 0.083 5 4/36 0.111 6 5/36 0.139 7 6/36 0.167 Oo 5/36 0.139 9 4/36 0.111 10 3/36 0.083 11 2/36 0.056 12 1/26 0.028 Total 36/36 1.001 Expected Winnings 9. Use the theoretical probabilities from page 2 to calculate the expected value for each player in the game described below. Game: Everyone pays $1 per roll. Two dice are rolled and the outcomes are summed. Player A wins $3 if the sum is 6 or less . Player B wins $1 of the sum is 7 Player C wins $3 if the sum is 8 or greater 11. Suppose new rules are set for the same game. Everyone pays $2 per roll. Two dice are rolled and the outcomes are summed. This time: Player A wins $4 if the sum is 5 or less Player B wins $2 if the sum is 6, 7 or 8 Player C wins $4 if the sum is 9 or more. acted value for each player and explain its meaning. Question 5 Based on the rules stated on page 5 #9, what are the expected winnings for each player? Answer saved Points out of 3 E(value A) = $ 0.251 Flag question E(value B) = $ -0.833 E(value C) - $ 0. Question 6 Not yet Based on the rules stated on page 5 #11(a), what are the expected winnings for each player? answered E(value A) = $ Points out of 3 Flag question E(value B) = $ E(value C) - S Question 7 How much would each player need to win in order to have a positive expected value? Round to the nearest dollar. Not yet answered From page 6 11(c) Points out of 3 Player A should win $ 2.89 if the sum is 5 or less to have a positive expected value. Flag question Player B should win $ 5.12 f the sum is 6 7, or 8 to have a positive expected value. Player C should win $ 2.89 if the sum is 9 of more to have a positive expected value

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