document.write( "Question 1176486: Find the expected value.\r
\n" );
document.write( "\n" );
document.write( "If a player rolls two dice and gets a sum of 11, he wins $ 20. if he gets a sum of 7 he wins $ 5. The cost to play the game is $ 3. Find the expectation of the game ?\r
\n" );
document.write( "\n" );
document.write( "I wrote out the sample space and built a table based on gain and solved for the mean, but did not find the correct answer. \n" );
document.write( "
Algebra.Com's Answer #803575 by Boreal(15235)![]() ![]() You can put this solution on YOUR website! probability of a 7 is 1/6 and 1/6* $5=$0.83 \n" ); document.write( "probability of an 11 is 1/18 and that *$20=$1.11 \n" ); document.write( "The plus expectation is the sum or $1.94 \n" ); document.write( "The minus expectation is playing the game, or $3 \n" ); document.write( "the result is a negative -$1.06. I made it more complex than I needed to. \n" ); document.write( "- \n" ); document.write( "7---------1/6-----$5-----$0.83 \n" ); document.write( "11--------1/18----$20----$1.11 \n" ); document.write( "cost ------1-------$3 \n" ); document.write( " \n" ); document.write( " |