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October 31, 2014

October 31, 2014

Posted by **louis** on Wednesday, April 16, 2008 at 9:24am.

win $3. If you roll an even number, you lose $6. Find your expectation for this

game.

- maths-probability -
**PsyDAG**, Wednesday, April 16, 2008 at 11:44amYou have a 1/6 chance of getting $6, 1/3 (2/6) chance of getting $3, but a 1/2 (3/6) chance of losing $6. I would expect to lose money. Your chances are equal for winning $12 or losing $18.

I hope this helps. Thanks for asking.

- maths-probability -
**louis**, Wednesday, April 16, 2008 at 11:57amThanks a lot

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