Question: Test: Chapter 10 Test 2/ Question 3 Of 10 This question: 1 11:5 Submit test point(s) possible 03/ Suppose you roll a single die. If

Test: Chapter 10 Test 2/ Question 3 Of 10 This question: 1 11:5 Submit test point(s) possible 03/ Suppose you roll a single die. If an odd number (1, 3, or 5) comes up, you win triple your roll, ($3, $9, or $15, respectively) If an even number (2, 4, or 6) comes up, 11:9 you have to pay the house double your roll ($4, $8, or $12 respectively.) (a) Find the expected payoff for this game 03/ (b) Is this a fair game? Explain 11:1 03/ 11:4 (a) The expected winnings for this game are $ (Type an integer or a decimal.) 03/ (b) Explain why this is or is not a fair game. Choose the correct answer below. min 10: 03/ O A. This is not a fair game because the expected payoff is zero. 11:4 O B. This is not a fair game because the expected payoff is not zero. O C. This is a fair game because the expected payoff is zero. 03/ 11:4 O D. This is a fair game because is the expected payoff is not zero. 04/ 11: 04/ 11:4
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