Your friend rolls an "unusual" six-sided die many times. She reports the probabilities of the possible outcomes are about as follows: Number Rolled: 1 2 3 4 5 6 Probability: 0.20 0.20 0.10 0.10 0.10...


Your friend rolls an "unusual" six-sided die many times. She reports the probabilities of the possible outcomes are about as follows:
























Number Rolled:123456
Probability:0.200.200.100.100.10


(a) Complete the table above by calculating the probability of rolling a 4.



(b) Your friend creates the following game using this "unusual" die. You will pay her $2 if she rolls an even number and she will pay you $3 if she rolls an odd number.Use the table from part (a) to fill in the probability model below:





















Outcome:Roll an even numberRoll and odd number
Amount:
Probability:


(c) What is the expected value of this game for you?





(d) Is this a fair game, meaning that each of you can expect to win the same amount in the long run? Explain.




Jun 09, 2022
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