If a Gambler Rolls Two Dice and Gets a Sum

question 21

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

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Definitions:

Substantial Deviations

Major divergences or departures from a set path, standard, or expected norm.

Material Breach

A significant violation or failure to perform one's obligations under a contract, which justifies the non-breaching party's termination of the contract.

Discharge by Performance

The termination of contractual obligations by fully executing the duties and responsibilities outlined in the contract.

Contractual Duty

A legal obligation in a contract requiring a party to act or not act in a certain way.