You Roll a Pair of Dice

question 75

Multiple Choice

You roll a pair of dice.If you get a sum greater than 10 you win $60.If you get a double you win $20.If you get a double and a sum greater than 10 you win $80.Otherwise you win nothing.You pay $5 to play.Find the expected amount you win at this game.

• A)$8.33
• B)$3.33
• C)$5.00
• D)$5.56
• E)$3.89

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Definitions:

Liquor Sales

The commercial activity of selling alcoholic beverages, which can include processes such as licensing, distribution, and retailing.

Smoothing Constant

A parameter used in exponential smoothing techniques to apply different weights to past observations in forecasting.

Exponential Smoothing

A technique used in time series analysis to smooth data points and forecast by applying exponentially decreasing weights over past observations.

Liquor Sales

The total volume or value of alcoholic beverages sold within a specific period.