Two people play a game. A single die is thrown. If the outcome is a 2 or a 3, then player A pays player B $6.00. How much should B pay A when a 1, 4, 5, or 6 is thrown so that A and B break even, on average, over many repititions of the game?

a. $2.00
b. $8.00
c. $4.00
d. $6.00
e. None of the above

Solution Preview

It is clear that when a single dice is thrown, the outcome is one of 1, 2,3,4,5,or 6 occurs at the same probability 1/6. So, a single dice is ...

Solution Summary

The outcome of die rolls is investigated. The solution is detailed and well presented. The response received a rating of "5" from the student who originally posted the question.

4 Problems Statistics: random selection, die or coin roll, safety ... number is drawn each time, how many outcomes are in ... What would be the probability that a 1 or ...

7 Elementary Statistics Problems - dice probability and ... and several problems finding probabilities and percentiles ... The probability of any other outcome is 31/36 ...

... Concepts: Data Simulation Discrete Probability Distribution Confidence ... Descriptive Statistics: Mean, Median. ... That is, the outcomes of the experiment ...

... The posting answers three questions on probability of two ... Basic Statistics (Please show steps/formulas ... two balanced die are rolled, the possible outcomes can be ...

... The solution gives detailed steps on solving a set of 30 questions on descriptive statistics including the ... What is the probability that the outcome of the ...

... B: When a 5-sided die is rolled, the outcome is 1. ... gives detailed steps on solving some questions on descriptive statistics: probability, range, variance ...

... claim that with this method, the probability of a ... the null hypothesis, alternative hypothesis, test statistics, P-value ... is rolled many times, the outcomes of 1 ...

... mean scores of random samples of 40 AP statistics students ... distribution of y? Explain b) Estimate the probability that y ... when you roll a die, each outcome has a ...

... Independent Events: These are two or more events for which the outcome of one does not affect ... Schaum's Outline of Probability and Statistics, McGraw-Hill ...

... It is rarely used in statistical formulae, so isn't broadly used in statistics. ... 5. Conditional probabilities tell us the probability of some outcome given ...