an is playing a game of chance in which he rolls a number

Last updated: 3/30/2023

an is playing a game of chance in which he rolls a number cube with des numbered from 1 to 6 The number cube is fair so a side is rolled random his game is this Ivan rolls the number cube once He wins 1 if a 1 is lled 2 if a 2 is rolled 3 if a 3 is rolled and 4 if a 4 is rolled He loses 75 if a 5 or 6 is rolled f necessary consult a list of formulas a Find the expected value of playing the game dollars b What can Ivan expect in the long run after playing the game many times O Ivan can expect to gain money He can expect to win dollars per roll Ivan can expect to lose money