A die is rolled.If it rolls a 1,2,or 3,you win $2.If it rolls to a 4,5,or 6,you lose $1.Calculate the expected winnings.
A)$0.50
B)$3.00
C)$1.50
D)$1.00

Name: A die is rolled.If it rolls a 1,2,or 3,you win $2.If it rolls to a 4,5,or 6,you lose $1.Calculate the expected winnings. A)$0.50 B)$3.00 C)$1.50 D)$1.00
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Quizplus · Accepted Answer

The probability of rolling a 1, 2, or 3 is 1/2, and the probability of rolling a 4, 5, or 6 is also 1/2. The expected winnings are calculated as (1/2 * $2) + (1/2 * -$1) = $0.50.

A Die Is Rolled