document.write( "Question 674638: PLEASE HELP!\r
\n" ); document.write( "\n" ); document.write( "A game consists of rolling a single fair die and pays off as follows: $3 for a 6, $2 for a 5, $1 for a 4, and no pay off otherwise.\r
\n" ); document.write( "\n" ); document.write( "a) Find the expected winnings for this game.
\n" ); document.write( "b) what is a fair price to play this game.\r
\n" ); document.write( "\n" ); document.write( "Please explain too! Thanks! \n" ); document.write( "

Algebra.Com's Answer #419372 by ewatrrr(24785) $\"\"$ $\"About$

You can put this solution on YOUR website!

 
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document.write( "Hi
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document.write( "   W
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document.write( "6  $3   1/6  
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document.write( "5  $2   1/6  
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document.write( "4  $1   1/6    Expect winnings 6/6  or $1\r
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document.write( "A game in which the expected net winnings are zero is called a fair game.
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document.write( "b) what is a fair price to play this game. $1
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document.write( "   Net
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document.write( "6  $2   1/6  
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document.write( "5  $1   1/6  
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document.write( "4  $0   1/6  
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document.write( "3 -$1   1/6  
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document.write( "2 -$1   1/6  
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document.write( "1 -$1   1/6  expected net winnings are zero \n" );
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