Question: Suppose yOu have two fair dice, each with 6 faces. 9 One die is coloured blue and has the following faces: {1,1, 1, 2, 2,

 Suppose yOu have two fair dice, each with 6 faces. 9

Suppose yOu have two fair dice, each with 6 faces. 9 One die is coloured blue and has the following faces: {1,1, 1, 2, 2, 3}. c The other die is coloured red, and has the following faces {1, 1, 2, 2, 3,3}. the probability distributions for these dice are 1/2 m = 1 1/3 m=2 pR(n)= forallnE{1,2,3}, 1/6 m = 3 1 where 30;; corresponds to the blue die, and \"pg correSponds to the red die. 2. Consider the dice dened in the box at the t0p of the page. (i) You're playing a game against Alexey. You have the blue die and Alexey has the red die. You both pay $1 and roll your die. Whoever rolls the higher number Wins the money. If both dice are the same, both players get their money back. What is the expected value of your winnings if you play one round of this game? (Note that if you pay $1 to play the game, and win $2, you have won $1). (ii) You and Alexey play another round of the same game, but you now switch dice. What is the expected value of your winnings

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!