document.write( "Question 430365: Could someone help me with this problem?
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document.write( "We are playing a dice game with 2 fair dice. You roll the dice,I will pay you $1 if the total of the dice is 6 or greater,you will pay me $3 dollars if the total of the dice is $5 or less.What is the expected value of the game for me. I know the answer is .111 but I cannot figure our how to do this problem.
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Algebra.Com's Answer #298880 by Edwin McCravy(20060)![]() ![]() You can put this solution on YOUR website! Could someone help me with this problem? \n" ); document.write( "We are playing a dice game with 2 fair dice. You roll the dice,I will pay you $1 if the total of the dice is 6 or greater,you will pay me $3 dollars if the total of the dice is $5 or less.What is the expected value of the game for me. I know the answer is .111 but I cannot figure our how to do this problem. \n" ); document.write( "Thanks \n" ); document.write( " \r\n" ); document.write( "\r\n" ); document.write( "The other tutor has the payout and the income switched, and that's why he came\r\n" ); document.write( "up with a negative answer. \r\n" ); document.write( "\r\n" ); document.write( "We have to find the probabilities of rolling 6 or greater and 5 or less:\r\n" ); document.write( "\r\n" ); document.write( "Here are all the possible dice rolls with two dice.\r\n" ); document.write( "\r\n" ); document.write( "(1,1) (1,2) (1,3) (1,4) (1,5) (1,6)\r\n" ); document.write( " \r\n" ); document.write( "(2,1) (2,2) (2,3) (2,4) (2,5) (2,6)\r\n" ); document.write( " \r\n" ); document.write( "(3,1) (3,2) (3,3) (3,4) (3,5) (3,6)\r\n" ); document.write( " \r\n" ); document.write( "(4,1) (4,2) (4,3) (4,4) (4,5) (4,6)\r\n" ); document.write( " \r\n" ); document.write( "(5,1) (5,2) (5,3) (5,4) (5,5) (5,6)\r\n" ); document.write( " \r\n" ); document.write( "(6,1) (6,2) (6,3) (6,4) (6,5) (6,6)\r\n" ); document.write( "\r\n" ); document.write( "I will color the ones red which are 6 or greater,\r\n" ); document.write( "and the one 5 or less blue:\r\n" ); document.write( "\r\n" ); document.write( "(1,1) (1,2) (1,3) (1,4) (1,5) (1,6)\r\n" ); document.write( " \r\n" ); document.write( "(2,1) (2,2) (2,3) (2,4) (2,5) (2,6)\r\n" ); document.write( " \r\n" ); document.write( "(3,1) (3,2) (3,3) (3,4) (3,5) (3,6)\r\n" ); document.write( " \r\n" ); document.write( "(4,1) (4,2) (4,3) (4,4) (4,5) (4,6)\r\n" ); document.write( " \r\n" ); document.write( "(5,1) (5,2) (5,3) (5,4) (5,5) (5,6)\r\n" ); document.write( " \r\n" ); document.write( "(6,1) (6,2) (6,3) (6,4) (6,5) (6,6)\r\n" ); document.write( "\r\n" ); document.write( "Since there are 26 red rolls above and 10 blue rolls, the probability\r\n" ); document.write( "of rolling 6 or greater is 26/36 or 13/18 and the probability of\r\n" ); document.write( "rolling 5 or less is 10/36 or 5/18\r\n" ); document.write( "\r\n" ); document.write( "So we make a probability distribution function:\r\n" ); document.write( "\r\n" ); document.write( "dice roll x p(x)\r\n" ); document.write( "6 or more -1 13/18 \r\n" ); document.write( "5 or less +3 5/18\r\n" ); document.write( "\r\n" ); document.write( "E(x) = ∑[x·p(x)] = (-1)(13/18) + 3(5/18) = -13/18 + 15/18 = 2/18 = 1/9\r\n" ); document.write( "\r\n" ); document.write( "and 1/9 as a decimal is .111···\r\n" ); document.write( "\r\n" ); document.write( "Edwin\n" ); document.write( " |