SOLUTION: Consider a game consisting of rolling a single fair die. If an even turns up on the roll, you receive you receive the same number of dollars. (For example, if you roll a 6, you get

Question 538372: Consider a game consisting of rolling a single fair die. If an even turns up on the roll, you receive you receive the same number of dollars. (For example, if you roll a 6, you get 6 dollars.) If an odd number turns up, you then pay the same number of dollars. (For example, if you roll a 5, you must pay 5 dollars.) What are the expected net winnings of this game? Is the game :
A. fair.
B. unfair against the player.
C. unfair in favor of the player.
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Consider a game consisting of rolling a single fair die. If an even turns up on the roll, you receive you receive the same number of dollars. (For example, if you roll a 6, you get 6 dollars.) If an odd number turns up, you then pay the same number of dollars. (For example, if you roll a 5, you must pay 5 dollars.) What are the expected net winnings of this game? Is the game :
Worked a few minutes ago: Expected winnings = $0.50 each time you play.
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Answer: C
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Cheers,
Stan H.
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A. fair.
B. unfair against the player.
C. unfair in favor of the player.

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