A certain game consists of rolling a single fair die and pays off as follows: $10 for a 6, $7 for a 5, $4 for a 4, and no payoff otherwise, Find the expected winnings for this game.
The expected winnings for this game are
(Round to the nearest hundredth.)
1
m
21
m
se
?
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$3.50

Step-by-step explanation:

Given:

$10 for a 6, $7 for a 5, $4 for a 4, and no payoff otherwise

P(6) = 1/6 ; p(5) = 1/6 ; p(4) = 1/6 ; p(1,2or3) = 3/6 = 1/2

P(x) 1/6 1/6 1/6 1/2

x 10 7 4 0

Expectwd value ; E(x)

Σx*p(x) = (1/6 * 10) + (1/6 * 7) + (1/6 * 4) + (1/2 * 0)

E(x) = 3.50

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step-by-step explanation:

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step-by-step explanation: