Find the Expected Value

question 182

Multiple Choice

Find the expected value.
-You are given 9 to 1 odds against rolling a sum of 8 with the roll of two fair dice, meaning you win $9 if you succeed and you lose $1 if you fail. Find the expected value (to you) of the game.

• A)$0
• B)$1.25
• C)$0.39
• D)$0.09

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Definitions:

Self-managed People

Individuals who take responsibility for their own actions and decisions, often demonstrating high levels of self-discipline.

Spatial Reasoning

The cognitive ability to think about objects in three dimensions and to draw conclusions about those objects from limited information.

Reasoning Ability

The cognitive capacity to process information, draw logical conclusions, and make informed decisions.

Emotional Competence

A learned capability based on emotional intelligence; results in outstanding performance at work.