Answer:
Since the expected value of the activity is greater than zero then the school will lose money at each booth.
Step-by-step explanation:
Given that on an activity for the school carnival.
Rolling for dollars!
charge: $1 per roll
If you roll…
6: you get $5
5: you get $2
4: you get $1
3,2,1: you get nothing
Computing the Expected value;
Note: since there is a $1 charge to play, it would be deducted from the win;
Therefore, since the expected value of the activity is greater than zero then the school will lose money at each booth.