SOLUTION: A fair six-sided die is tossed. You win P10.00 if the result is a �3�, you win P20.00 if the result is a �6�, but otherwise you lose P5.00. Determine the expected amount that you w

Question 1166277: A fair six-sided die is tossed. You win P10.00 if the result is a �3�, you win P20.00 if the result is a �6�, but otherwise you lose P5.00. Determine the expected amount that you will gain/lose in the game.
Answer by ikleyn(52867) (Show Source): You can put this solution on YOUR website!
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The expected amount that you will gain/lose in the game =  +  -  =  =  =  = 1 .    ANSWER


Here   is the probability to get a winning outcome  "3" or "6" and  is the probability of getting other outcome.

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