A game involving a pair of dice pays you $4 with probability 16/36, costs you $2 with probability 14/36, and costs you $6 with probability 6/36. What is your approximate probability of losing money in one play of the game?
A) 0
B) 0.167
C) 0.444
D) 0.500
E) 0.556

Question

Quizplus · Accepted Answer

The probability of losing money is the sum of the probabilities of the outcomes that result in a loss: 14/36 (losing $2) + 6/36 (losing $6) = 20/36 = 0.556.

A Game Involving a Pair of Dice Pays You $4