SOLUTION: You get to roll a standard die one time. If you roll an odd number, you win $3. If you roll a 4, you win $5. If you roll any other number, you lose $9. Find the expected value f

Question 1193244: You get to roll a standard die one time. If you roll an odd number, you win $3. If you roll a 4, you win $5. If you roll any other number, you lose $9.
Find the expected value for this game.
Answer by ikleyn(52858) (Show Source): You can put this solution on YOUR website!
.
You get to roll a standard die one time. If you roll an odd number, you win $3.
If you roll a 4, you win $5. If you roll any other number, you lose $9.
Find the expected value for this game.
~~~~~~~~~~~~~~~~~~~~

The expected value of this game is

    E =  =  =  = - 4 .


It means that playing this game many times, the player loses 4.67 dollars per game, in average.

Solved, answered and explained.

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