Question
please help!! pretty please!!
i need to know how to this problem ASAP!
suppose you pay $1.00 to roll a fair die with the understanding that you will get back $3.00 for rolling a 5 or a 1, nothing otherwise. what is your expected value?
i need to know how to this problem ASAP!
suppose you pay $1.00 to roll a fair die with the understanding that you will get back $3.00 for rolling a 5 or a 1, nothing otherwise. what is your expected value?