Math  /  Data & Statistics

QuestionA dice game involves rolling 2 dice. If you roll a 2,3,4,10,112,3,4,10,11, or 12 you win $5\$ 5. If you roll a 5,6,7,85,6,7,8, or 9 you lose $5\$ 5. Find the expected value you win (or lose) per game.
What is the expected value of this game? \ \square$ type your answer.(include the negative if needed here)
Is this a fair game? \square type your answer...

Studdy Solution
The expected value of this game is approximately $1.67-\$1.67.
Since the expected value is not zero, this is *not* a fair game.
On average, you'll lose about $1.67\$1.67 each time you play!

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