Mathematics

12 September, 04:27

You roll a die. if it comes up a 6, you win $100. if not, you get to roll again. if you get a 6 the second time, you win $50. if not, you lose.

a. create a probability model for the amount you win.

b. find the expected amount you'll win.

c. what would you be willing to pay to play this game?

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