Compute the expected value of game
A game includes tossing a coin and rolling ordinary die. If the player tosses a head and rolls and even number, the player wins $3. Otherwise the player pays $1.
a. Compute the expected value of this game?
b. Is this a fair game?
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A game includes tossing a coin and rolling ordinary die. If the player tosses a head and rolls and even number, the player wins $3. Otherwise the player pays $1. Compute the expected value of this game?
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