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:

Outstanding Stock

Shares of a company that are owned by investors, including both public investors and company officers.

Market Price

The ongoing rate at which assets or services are bought or sold.

Merged Firm

A company formed by combining two or more companies into one entity, often to strengthen business operations.

Incremental Value

The additional value generated by undertaking a new project or investment, measured by the difference in cash flows or profits with and without the investment.