Question #1900195

Who do you expect will make more money on this deal?

Your friend rolls a standard six-sided die 1200 times and you write down the number of times each outcome comes up (the number of 1’s, the number of 2’s, the number of 3’s, etc.). Note that the probability that any single outcome comes up when the die is rolled is 1/6. Suppose you and your friend make a bet before the 1200 rolls take place. You agree that you will pay your friend $1 for every roll that comes up a 3 or a 4, and your friend will pay you $3 for every roll that comes up a 5. No money will be exchanged for rolls that come up 1, 2, or 6. Who do you expect will make more money on this deal? How much more money will that person make? A.You---$200 more than your friend. B. Your friend---$200 more than you. C. You---$600 more than your friend.

2012-11-18 20:21:25

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