document.write( "Question 1101418: Suppose you pay $3 to roll a fair die with the understanding you will get back 5$ if you roll a 3 or 5, nothing otherwise. What is your expected value ? \n" ); document.write( "
Algebra.Com's Answer #715986 by math_helper(2461)\"\" \"About 
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E = 5(2/6) + (-3)(4/6) = (10/6)-(12/6) = -2/6 = -1/3\r
\n" ); document.write( "\n" ); document.write( "E = -1/3 or about -0.33333. \r
\n" ); document.write( "\n" ); document.write( "This is an unfavorable game since in the long run you are expected to lose 0.33 on each play.\r
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\n" ); document.write( "Made a mistake in my calculations. It is even more unfavorable than I thought.
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