A dice game involves rolling 2 dice. If you roll a sum of 2, 3, 4, 10, 11, or 12 you win $5. If you roll a 5, 6, 7, 8, or 9 you lose $5. Find the expected value for the game.

Below is a table for the possible outcomes for rolling two dice.

You have a higher probability of losing money than gaining it due to the distribution of probability. Aka: there are more chances to lose than win. As a result, you are expected to lose money. Only -1.67 is the only negative option, which means that we dont even need to do real math since there's already only one choice.

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shubhamchouhanvrVT shubhamchouhanvrVT · Answer 2 · 2022-07-14T10:29:45+02:00

The correct answer is option B which is -1.67 is the answer.

What is probability?

Probability is defined as the ratio of the number of favorable outcomes to the total number of outcomes in other words the probability is the number that shows the happening of the event.

You have a higher probability of losing money than gaining it due to the distribution of probability.

There are more chances to lose than win. As a result, you are expected to lose money. Only -1.67 is the only negative option, which means that we don't even need to do real math since there's already only one choice.

Therefore the correct answer is option B which is -1.67 is the answer.

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A dice game involves rolling 2 dice. If you roll a sum of 2, 3, 4, 10, 11, or 12 you win $5. If you roll a 5, 6, 7, 8, or 9 you lose $5. Find the expected value for the game. Below is a table for the possible outcomes for rolling two dice.

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What is probability?

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A dice game involves rolling 2 dice. If you roll a sum of 2, 3, 4, 10, 11, or 12 you win $5. If you roll a 5, 6, 7, 8, or 9 you lose $5. Find the expected value for the game.

Below is a table for the possible outcomes for rolling two dice.