document.write( "Question 1138185: Joe is playing a game of chance at the hibiscus festival, costing $1 for each game. In the game two fair dice are rolled and the sum of the numbers that turned up is found. If the sum is seven, then Joe wins $5. Otherwise loses his money. Joe play the game 15 times. Find his expected profit or lose. \n" ); document.write( "
Algebra.Com's Answer #756029 by greenestamps(13200)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "The probability of rolling a 7 is 1/6; the profit is -$1 + $5 = $4. \n" ); document.write( "The probability of rolling any other sum is 5/6; the proft is -$1. \n" ); document.write( "The expected profit for one game is \n" ); document.write( " \n" ); document.write( "If he plays the game 15 times, his expected profit is \n" ); document.write( " \n" ); document.write( "ANSWER: his expected profit playing the game 15 times is -$2.50 -- i.e., a loss of $2.50. \n" ); document.write( " |