Suppose That You Roll Two Dice

question 2

Short Answer

Suppose that you roll two dice. You will be paid $20 if you roll a double. You will not receive anything for any other outcome. How much should you be willing to pay for the privilege of rolling the dice? Please round your answer to the nearest cent.
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$__________

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Definitions:

ICD-10-CM Manual

A clinical cataloging system provided by the World Health Organization used for classifying diseases, signs and symptoms, abnormal findings, complaints, and external causes of injury or diseases.

ICD-10-CM

International Classification of Diseases, Tenth Revision, Clinical Modification, a system used by healthcare providers to classify and code all diagnoses, symptoms, and procedures recorded in conjunction with hospital care in the U.S.

Diagnoses

The identification of the nature and cause of a health condition based on its symptoms and diagnostic tests.

Diagnosis Codes

Systematic codes used to categorize and identify diseases, disorders, symptoms, and medical conditions for clinical and health management purposes.