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Solve the Problem $1.00\$ 1.00 To Roll a Fair Die with the Understanding That You

Question 95

Multiple Choice

Solve the problem.
-Suppose you pay $1.00\$ 1.00 to roll a fair die with the understanding that you will get back $3\$ 3 for rolling a 1 or a 5 , nothing otherwise. What are your expected winnings?


A) $0\$ 0
B) $1.00\$ 1.00
C) $3\$ 3
D) $1.00-\$ 1.00

Correct Answer:

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