Determine the Probability of Getting a 3 or a 6

question 11

Short Answer

Determine the probability of getting a 3 or a 6, with the toss of a single die.

---

Definitions:

Expected Value

A calculated average of all possible outcomes of a random variable, weighted by their probabilities.

English Auction

A type of auction in which the price starts low and is progressively bid upwards, with the highest bid at the end winning the item.

Rational Self-Interest

The principle that individuals tend to make decisions that maximize their own utility or benefit.

Collude

To conspire or work together secretly, especially in order to cheat or deceive others.