Q.5. (20 points) A person pays $3 to roll two dice. He wins $9 if he gets ones on both dice, $6 if he gets the sum of nu
Posted: Wed May 04, 2022 11:00 am
Q.5. (20 points) A person pays $3 to roll two dice. He wins $9 if he gets ones on both dice, $6 if he gets the sum of numbers greater than ten, and $3 if he gets same numbers on both dice. a) Construct a distribution for the outcomes of this game where X is the amount of winning. Hint: X= $6, 83, 80 and $-3; and there are 36 total outcomes of the game. b) Find the expected value (that is How much does a player win or lose on average) of the game.