document.write( "Question 626676: If a gambler rolls two dice and gets a sum of 10, he wins $10, and if he gets a sum of three, he wins $20. The cost to play the game is $5. What is the expected value of this game? \n" ); document.write( "
Algebra.Com's Answer #394378 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, and if he gets a sum of three, he wins $20. The cost to play the game is $5. What is the expected value of this game? \n" ); document.write( "---- \n" ); document.write( "Random \"winning\" values::::::: 5 ::::: 15 ::::: -5 \n" ); document.write( "Corresponding probabilities::: 3/36::: 2/36:::: 31/36 \n" ); document.write( "------- \n" ); document.write( "Expected \"winnings\"::: [3*5 + 2*15 -5*31]/36 = -$3.06 \n" ); document.write( "================================= \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " \n" ); document.write( " |