You roll a die. if it comes up a 6, you win $100. if not, you get to roll again. if you get a 6 the second time, you win $50. if not, you lose.

a. create a probability model for the amount you win.

b. find the expected amount you'll win.

c. what would you be willing to pay to play this game?

Question

Double Bubble

19 January, 21:49

+3

Answers (1)

Know the Answer?

Makhi Mcknight · Answer 1

Hello

The answer is c

Have anice day

You roll a die. if it comes up a 6, you win $100. if not, you get to roll again. if you get a 6 the second time, you win $50. if not, you lose.a. create a probability model for the amount you win.b. find the expected amount you'll win.c. what would you be willing to pay to play this game?