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March 27, 2017

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The game of dots is played by rolling a fair die and
receiving $1 for each dot showing on the top face of the
die. What cost should be set for each roll if the game is
to be considered a fair game?

  • math - ,

    You can get 1, 2, 3, 4, 5, or 6, with equal probability of getting any number, so the median/mean value would be the best choice. Can you calculate that?

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