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6 September, 14:03

Suppoose you pay $3 to roll a fair die with the understanding that you will get back $9.00 if you roll a 1 or a 6 but nothing otherwise. What are your expecfted winnings?

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  1. 6 September, 14:23
    0
    Expected winnings are

    9 * 1/6 + 0 * 1/6 + 0*1/6 + 0*1/6 + 0 * 1/6 + 9 * 1/6

    9/6+9/6 = 18/6 = 3

    Earnings: winnings - cost

    3-3 = 0
  2. 6 September, 14:32
    0
    There is a 33.33% that you will roll a 1 or a 6.
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