Suppose that someone offers you a bet concerning the tossing of a pair of fair dice. If both die turn up the same number, you will win $24. Otherwise you must pay $6 . Your expected winnings would be ________.

Question

Suppose that someone offers you a bet concerning the tossing of a pair of fair dice. If both die turn up the same number, you will win $24. Otherwise you must pay $6 . Your expected winnings would be ________.
	A.

$1.00
	B.

$6.00
	C.

-$1.00
	D.

-$6.00

oobleck · Answer

P(double) = 6/36 = 1/6 so E = 1/6 * 24 - 5/6 * 6 = 6-5 = 1