4. You bet! You roll a die. If it comes up a 6, you win
Chapter 16, Problem 4(choose chapter or problem)
4. You bet! You roll a die. If it comes up a 6, you win $100.If not, you get to roll again. If you get a 6 the second time,you win $50. If not, you lose.a) Create a probability model for the amount you win.b) Find the expected amount youll win.c) What would you be willing to pay to play this game?
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