If a Gambler Rolls Two Dice and Gets a Sum

question 26

Multiple Choice

If a gambler rolls two dice and gets a sum of 10, he wins $10, and if he gets a sum of three, he wins $20. The cost to play the game is $5. What is the expectation of this
Game?

• A) -$2.78
• B) $3.06
• C) -$3.06
• D) $2.78

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Definitions:

Specificity

The extent to which something is precisely defined or focused, often used in contexts such as goals, targets, or aspects within research or discussions.

House

A building for human habitation, typically consisting of multiple rooms and intended to be used as a residence.

Without Reserve

An auction term indicating that the item for sale will be sold to the highest bidder, irrespective of the bid amount.

Highest Bidder

In an auction, the person who offers the highest amount of money or value for the item or property being sold.