1) Consider the following gamble: A die is rolled. If an odd number turns up, we win that number of dollars. If an even

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1 Consider The Following Gamble A Die Is Rolled If An Odd Number Turns Up We Win That Number Of Dollars If An Even 1 (59.43 KiB) Viewed 45 times

1) Consider the following gamble: A die is rolled. If an odd number turns up, we win that number of dollars. If an even number turns up, then we lose that number of dollars. What is the expected value for this gamble? 2) An experiment consists of flipping a coin 3 times. Let X be the number of tails that turn up when flipping the coin 3 times. Find the expected value for X. 3) An experiment consists of rolling a pair of dice. The Y be the sum of the numbers on the two dice. What is the expected value for Y?