Task 2. Let’s consider the “same” experiment and scoring scheme in Task 1 except that now

the die is “weighted” so that the probability of getting the various rolls of the die is as follows:

Roll 1 2 3 4 5 6

Probability 1/4 1/6 1/6 1/6 1/6 1/12

Find the expected value (don’t forget the coin toss). In order to make a little profit in the “long

run”, what should your minimum charge be for the privilege of playing this game?

the die is “weighted” so that the probability of getting the various rolls of the die is as follows:

Roll 1 2 3 4 5 6

Probability 1/4 1/6 1/6 1/6 1/6 1/12

Find the expected value (don’t forget the coin toss). In order to make a little profit in the “long

run”, what should your minimum charge be for the privilege of playing this game?

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