In a Game Called Taxation and Evasion,a Player Rolls a Pair

question 65

Short Answer

In a game called Taxation and Evasion,a player rolls a pair of dice.If on any turn the sum is 7,11 or 12,the player gets audited.Otherwise,she avoids taxes.Suppose a player takes five turns at rolling the dice.
-The standard deviation of the number of times she will be audited is ______.

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Definitions:

Computed Net

The calculated net value or result after considering all relevant deductions, adjustments, or allowances.

Annuity

An annuity is a financial instrument that provides a consistent series of payments to a person, often serving as a source of income for people in retirement.

Present Value Index

A calculation that compares the present value of net cash inflows to the initial investment, used to evaluate the profitability of an investment.

Computed

Refers to something that has been determined or calculated using a computer or calculator.