SOLUTION: If a person rolls doubles when he tosses two dice, he wins $5.00. For the game to be fair, how much should the person pay to play the game?

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Question 354214: If a person rolls doubles when he tosses two dice, he wins $5.00. For the game to be fair, how much should the person pay to play the game?
Answer by checkley77(12844) About Me  (Show Source):
You can put this solution on YOUR website!
The chance of winning is 1/6
Thus 5*1/6=5/6=.83 or $0.83 is the fair price to play.