A single die is rolled once. You lose $12 if a number divisible by 3 turns up. How much should you win if a number not divisible by 3 turns up for the game to be fair?
How would I set this up, and what formulas?© BrainMass Inc. brainmass.com March 4, 2021, 6:24 pm ad1c9bdddf
This is an example of how to work with probabilities to determine how much a person should win by in a given situation.