Posted by stephanie on .
A game consists of rolling a die and pays off as follows: $5.00 for a 6, $3.00 for a 5, $2.00 for a 4, and no money otherwise. If it costs $2.00 to play, find the expected net winnings for a player of this game.
average winning = ( 5+3+2 )/6 = 10/6
net = 10/6 - 2 = -0.33
The house wins, in the end :)