document.write( "Question 1179467: Find the expected value: Carol wins $3 if a die roll shows a six and she wins $0.50 otherwise. \n" ); document.write( "

Algebra.Com's Answer #809037 by ikleyn(52914) $\"\"$ $\"About$

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document.write( "Carol wins $3 with the probability    and she wins  $0.50  with the probability  .\r\n" );
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document.write( "Write as you read\r\n" );
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document.write( "    the expected value =  =  =  = 0.91666...   dollars.    ANSWER\r\n" );
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\n" ); document.write( "\n" ); document.write( "You should not be embarrassed getting non-integer value of cents,\r
\n" ); document.write( "\n" ); document.write( "since the expected value is the STATISTICAL notion/conception - - - not a real winning.\r
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