You are on a TV show. You have been asked to either play a dice game five times or accept a $50 bill. The dice game works like this. If you roll a 1, 2 or 3, you win $50. If you roll a 4 or 5, you lose $20. If you roll a 6, you lose $90.

EV = $

Question

Mathematics

Casey Riddle

31 October, 19:39

You are on a TV show. You have been asked to either play a dice game five times or accept a $50 bill. The dice game works like this. If you roll a 1, 2 or 3, you win $50. If you roll a 4 or 5, you lose $20. If you roll a 6, you lose $90.

EV = $

+5

Answers (1)

Know the Answer?

Coffey · Answer 1

Step-by-step explanation:

Take the $50 and quit.

(Each game as outlined by drwls has an expected value of $1.50.

You are playing it 5 times, so the expected return is $7.50.

Your choice was to either accept $50 or play the game)

You are on a TV show. You have been asked to either play a dice game five times or accept a $50 bill. The dice game works like this. If you roll a 1, 2 or 3, you win $50. If you roll a 4 or 5, you lose $20. If you roll a 6, you lose $90.EV = $

You are on a TV show. You have been asked to either play a dice game five times or accept a $50 bill. The dice game works like this. If you roll a 1, 2 or 3, you win $50. If you roll a 4 or 5, you lose $20. If you roll a 6, you lose $90.

EV = $