SOLUTION: Suppose you pay $1 to roll a fair die with the understanding that you will get back $3 for rolling a 2 or a 3, nothing otherwise. What are your expected winnings?
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Question 245799: Suppose you pay $1 to roll a fair die with the understanding that you will get back $3 for rolling a 2 or a 3, nothing otherwise. What are your expected winnings? Answer by richwmiller(17219) (Show Source):
You can put this solution on YOUR website! There is only one way to roll 1:1 and two ways to roll 1 and 2.(1:2 and 2:!)
I would expect you to lose your shirt.
