For a game played using the dice in Problem #13, you make a $2 bet on the outcome of a roll of the d


Question: For a game played using the dice in Problem #13, you make a $2 bet on the outcome of a roll of the dice. If the roll is 5 or lower you win $3. If the roll is 11 or 12, you win $10. What is the expected value of this game? (NOTE: The winning amounts are net amounts.)

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Answer: The solution consists of 1 page
Deliverables: Word Document

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