SOLUTION: At this year's State Fair, there was a dice rolling game. If you rolled two dice and got a sum of 2 or 12, you won $10. If you rolled a 7, you won $2. Any other roll was a loss. It

Question 1150276: At this year's State Fair, there was a dice rolling game. If you rolled two dice and got a sum of 2 or 12, you won $10. If you rolled a 7, you won $2. Any other roll was a loss. It cost $1 to play one game with one roll of the dice. What is the expectation of the game? Round your answer to the nearest cent
Answer by greenestamps(13203) (Show Source): You can put this solution on YOUR website!

P(2 or 12) = P(2)+P(12) = 1/36 + 1/36 = 2/36
value(2 or 12) = -1+10 = +9

P(7) = 6/36
value(7) = -1+2 = +1

P(other) = 28/36
value(other) = -1

expected value =

RELATED QUESTIONS
Could you please help me solve this problem? ' At this years state fair, there was a... (answered by stanbon)

A pair of fair dice is rolled once. Suppose that you lose $9 if the dice sum to 10 and... (answered by Edwin McCravy,AnlytcPhil)

Suppose someone was playing the following dice game. The game costs $5 to play. You roll... (answered by math_tutor2020)

In a dice game, you lose if you roll a sum of 2, win if you roll a sum of 7, and roll... (answered by solver91311)

Any help would be appreciated, please help me with this question: You are interested... (answered by lynnlo)

If two fair dice are rolled, find the probability of the sum is 10 or both dice are odd. (answered by stanbon)

If anyone could help im lost. Thank you If you roll a total of 8 on two dice you win.... (answered by stanbon)

I just confused my school math teacher! How lovely! Anyways HOPE you guys can seriously... (answered by chessace,jim_thompson5910)

could you please help me with my probability assignment. I am having troubles answering... (answered by stanbon)