You are on a TV show. You have been asked to either play a dice game five times or accept a $50 bill. The dice game works like this. If you roll a 1, 2 or 3, you win $50. If you roll a 4 or 5, you lose $20. If you roll a 6, you lose $90.

EV = $

Question

Carlie Wiggins

Mathematics

15 October, 04:35

You are on a TV show. You have been asked to either play a dice game five times or accept a $50 bill. The dice game works like this. If you roll a 1, 2 or 3, you win $50. If you roll a 4 or 5, you lose $20. If you roll a 6, you lose $90.

EV = $

+3

Answers (1)

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Layla · Answer 1

Step-by-step explanation:

Take the $50 and quit.

(Each game as outlined by drwls has an expected value of $1.50.

You are playing it 5 times, so the expected return is $7.50.

Your choice was to either accept $50 or play the game)

You are on a TV show. You have been asked to either play a dice game five times or accept a $50 bill. The dice game works like this. If you roll a 1, 2 or 3, you win $50. If you roll a 4 or 5, you lose $20. If you roll a 6, you lose $90.EV = $

You are on a TV show. You have been asked to either play a dice game five times or accept a $50 bill. The dice game works like this. If you roll a 1, 2 or 3, you win $50. If you roll a 4 or 5, you lose $20. If you roll a 6, you lose $90.

EV = $