Practice problem

Probability: What Is Expected Value?

You play a game in which you roll a fair, 66-sided dice. If you roll a 11 or 22, you will receive the face value of your roll (so you will receive one dollar if you roll a 11, and two dollars if you roll a 22). If you roll a 33, 44, 55, or 66, you lose one dollar. What is the expected value of your payoff after one roll of the dice?

Choose one answer

Type a concept, like “slope” or “photosynthesis”.

↑ ↓ to choose · Enter to openSearch explanations and problems