Question

Suppose someone gives you 5 to 1 odds that you cannot roll two even numbers with the roll of two fair dice. This means you win ​$5 if you succeed and you lose ​$1 if you fail. What is the expected value of this game to​ you? Should you expect to win or lose the expected value in the first​ game? What can you expect if you play 100 ​times? Explain.

Answer 1

Answer:

The expected value of this game to me is 5 odd x $5 = $25.

There is 1/2 chances of winning and losing.

The expectations after playing 100 times is 100x5 oddx$5=$2500

Step-by-step explanation:

Odd is the probability or likelihood of an event occurring.