You roll a die. If it comes up a six, you win $90. If not, you get to roll again. If you get a six the second time, you get $40. If not you lose.   A) create a probability model for the amount you win at this game   B) find the expected value of your winnings   C) In order to break even, what is the most you should play this game?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter6: Ratio, Proportion, And Probability
Section6.8: The Multiplication Principle
Problem 18E
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You roll a die. If it comes up a six, you win $90. If not, you get to roll again. If you get a six the second time, you get $40. If not you lose.

 

A) create a probability model for the amount you win at this game

 

B) find the expected value of your winnings

 

C) In order to break even, what is the most you should play this game?

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