Question

A game is played using one die. If the die is rolled and shows 1, the player wins $5. If the die shows any number other than 1, the player wins nothing. If there is a $1 charge to play the game, what is the game’s expected value?

Answer 1

1/5

Explanation:

i had a similar question

For each roll you start with paying 2 dollars and you only with 10 dollars one out of 6 rolls (on average).

So the cost for one play is 2 dollars and your win is 10/6.

Value is -2+10/6=-1/3 dollars

So you lose 1/3 dollars on average with each game

since you have no limited rolls u put 1/5

this from another question but both same just different numbers