1. Suppose a single die is rolled once. You win $5 if a 1 or a 3 comes up, win $12...

W

William M

New member
...if a 5 comes up and lose $? a)Complete the table that gives the expected values of each event occurring.

Eventx (random variable)P(x)xP(x)
Rolling a 1+5
Rolling a 2-10
Rolling a 3+5
Rolling a 4-10
Rolling a 5+12
Rolling a 6-10

b)Use your table to find the expected value of the game.



c)What does the expected value tell you about the game?
 
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