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anonymous
 one year ago
In a dice game, you win if the two dice come up 11. Otherwise, you lose $1. What should be the profit for winning to make this game fair?
anonymous
 one year ago
In a dice game, you win if the two dice come up 11. Otherwise, you lose $1. What should be the profit for winning to make this game fair?

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anonymous
 one year ago
Best ResponseYou've already chosen the best response.0do you know what the probability is you get an 11 on the sum of two dice?

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0lol what did you do, turn around?

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0ok there are two different ways to roll an 11, \((6,5)\) and \((5,6)\) out of the 36 possible rolls probability it \(\frac{2}{36}=\frac{1}{18}\)

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0I knew there were 2 ways i just didn't know what to do with it lol

anonymous
 one year ago
Best ResponseYou've already chosen the best response.017 out of 18 times you lose $1 so you better win $17 when you do roll an 11

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0you can think of it this way roll 18 times, you lost 17 times and win once so you lose $17 and therefore you have to win $17 to break even

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0Ahh...okay. Sorry I'm really bad at math if you can't tell..

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0wasn't that hard though, was it ?
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