document.write( "Question 249623: If a gambler rolls two dice and gets a sum of 10, he wins 10 dollars and if he gets a sum of 3, he wins 20 dollars. The cost to play is 5 dollars. What is the expected value of the game? \n" ); document.write( "
Algebra.Com's Answer #181768 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! If a gambler rolls two dice and gets a sum of 10, he wins 10 dollars and if he gets a sum of 3, he wins 20 dollars. The cost to play is 5 dollars. What is the expected value of the game? \n" ); document.write( "---------------------------------- \n" ); document.write( "sum of 10: 55,64,46: 3/36 \n" ); document.write( "sum of 3: 12,21: 2/26 \n" ); document.write( "------------------------------ \n" ); document.write( "Random number values (winner's gains): -5, 5, 15 \n" ); document.write( "Corresponding probabilities are: 31/36 , 3/36 , 2/36 \n" ); document.write( "===================================================== \n" ); document.write( "E(x) = -5(31/36)+5(2/36)+15(2/36) = (-155+10+30)/36 = -115/36 = -$3.19 \n" ); document.write( "The gambler can expect to lose $3.19 each time he plays the game. \n" ); document.write( "===================================================== \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " |