document.write( "Question 230965: A fair die is rolled. If a number 1 or 2 appears, you will receive $5. If any other number appears, you will pay $2. What is the mean value of one trial of this game? \n" ); document.write( "
Algebra.Com's Answer #171036 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! A fair die is rolled. If a number 1 or 2 appears, you will receive $5. If any other number appears, you will pay $2. What is the mean value of one trial of this game? \n" ); document.write( "------------------------------------- \n" ); document.write( "Random Variable X has two values: 5 and -2 \n" ); document.write( "The corresponding probabilities are (2/6) and (4/6) \n" ); document.write( "-------------------------------------- \n" ); document.write( "Mean Value of one trial is (2/6)*5 + (4/6)(-2) \n" ); document.write( "= (10/6) - (8/6) = 2/6 dollars = 33 1/3 cents \n" ); document.write( "================================================== \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " |