A game is played using one die. If the die is rolled and shows 1, the player wins $5. If the die shows any number other than 1, the player wins nothing. If there is a $1 charge to play the game, what is the game's expected value?

Question

Lilly Hoover

Mathematics

7 January, 19:03

A game is played using one die. If the die is rolled and shows 1, the player wins $5. If the die shows any number other than 1, the player wins nothing. If there is a $1 charge to play the game, what is the game's expected value?

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Answers (1)

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Stephen Cuevas · Answer 1

1/5

Step-by-step explanation:

i had a similar question

For each roll you start with paying 2 dollars and you only with 10 dollars one out of 6 rolls (on average).

So the cost for one play is 2 dollars and your win is 10/6.

Value is - 2+10/6=-1/3 dollars

So you lose 1/3 dollars on average with each game

since you have no limited rolls u put 1/5

this from another question but both same just different numbers