Question: Question 1. Rolling Dice If a person rolls doubles when she tosses two dice, she wins $5. For the game to be fair, how much

Question 1. Rolling Dice If a person rolls doubles when she tosses two dice, she wins $5. For the game to be fair, how much should she pay to play the game? Question 2. Dice Game A person pays $2 to play a certain game by rolling a single die once. If a 1 or a 2 comes up, the person wins nothing. If, however, the player rolls a 3, 4,5, or 6, he or she wins the difference between the number rolled and $2. Find the expectation for this game. Is the game fair? Question 3. Lottery Prizes A lottery offers one $1000 prize, one $500 prize, and five $100 prizes. One thousand tickets are sold at $3 each. Find the expectation if a person buys one ticket
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