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23 July, 03:12

A game consists of rolling a colored die with three green sides, two red sides, and one blue side. A roll of a red loses. A roll of blue pays6.00. A roll of green pays 2.00. What is a fair price to pay to play?

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  1. 23 July, 05:20
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    The total of sides on a die is 6. Odds that you get green is 3/6 or 1/2, red is 2/6 or 1/3, blue is 1/6 so the payout is as follows

    if the dice is estimated to roll 6 times like this

    green, green, green, red, red, blue or $2, $2, $2, $0, $0, $6 and the total of the amount won is $12 in 6 games so 12/6=

    $2 to roll each time
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