Suppose it costs $15 to roll a pair of dice. you get paid 2 dollars times the sum of the numbers that appear on the dice. what is the expected payoff of the game? is it a fair game?

Question

Mathematics

Jason Velazquez

28 April, 13:08

Suppose it costs $15 to roll a pair of dice. you get paid 2 dollars times the sum of the numbers that appear on the dice. what is the expected payoff of the game? is it a fair game?

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Hugh Thornton · Answer 1

No. it is not a fair game because each roll is worth $15 and no matter what u roll, you won't get $15 or more so you'll just be losing money every time u roll