Ask Question
7 July, 14:28

Suppose someone gives you 5 to 1 odds that you cannot roll two even numbers with the roll of two fair dice. This means you win $5 if you succeed and you lose $1 if you fail. What is the expected value of this game to you? Should you expect to win or lose the expected value in the first game? What can you expect if you play 100 times? Explain.

+1
Answers (1)
  1. 7 July, 16:10
    0
    The expected value of this game to me is 5 odd x $5 = $25.

    There is 1/2 chances of winning and losing.

    The expectations after playing 100 times is 100x5 oddx$5=$2500

    Step-by-step explanation:

    Odd is the probability or likelihood of an event occurring.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Suppose someone gives you 5 to 1 odds that you cannot roll two even numbers with the roll of two fair dice. This means you win $5 if you ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers