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Question 2
A biased die is used in a game. The probabilities of getting the six different numbers on the die are shown in the table below. Number 1 2 3 ... show full transcript
Step 1
Answer
To find the expected value of the random variable , we use the formula:
Substituting the values from the table:
Calculating each term:
Now summing these up:
Thus, the expected value of is 2.90.
Step 2
Answer
To determine the average winnings when playing the game with a fair die, we can calculate:
For a fair die: The expected win per game is given by the average of all possible outcomes:
Therefore, in this case, you will win an average of €3.50 per game.
For the biased die, we already calculated that the expected winnings are €2.90.
So, complete the sentence:
"If you play the game many times with a fair die, you will win an average of €3.50 per game, but if you play with the biased die you will lose an average of €0.10 per game."
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