If a gambler rolls two dice and gets a sum of four, he wins $10; and if he gets a sum of three, he wins $25. The cost to play the game is $5. What is the expectation of this game?
Place your answer, rounded to two decimal places, in the blank. However, if the expected payoff is negative be sure to use a minus sign. For example, -1.23 would be a legitimate entry.© BrainMass Inc. brainmass.com June 3, 2020, 10:24 pm ad1c9bdddf
The solution describes the steps for calculating expected payoff in gambling game.