If a gambler rolls 2 dice and gets a sum of 4 he wins 10 dol
If a gambler rolls 2 dice and gets a sum of 4 he wins 10 dollars and if he gets a sum of 3 he wins 25 dollars. the cost to play the game is 5 dollars. what is the expectiation of this game?
Solution
Sum : 3 4 neither 3 nor 5
Amount : (25-5)=20 (10-5)=5 -5
Probabilities : 2/36 3/36 31/36
Eexpectation of amount = E(X) = 20*(2/36) + 5*(3/36) + -5*(31/36) = -100/36 = -2.77 dollars
