Expected profit of a paid dice roll
You pay $4 to roll a fair six-sided die and win the face value in dollars. What is your expected profit (in dollars, to two decimals)?
Show hints (2)+
- Find the expected payoff first.
- Profit = expected payoff − cost to play.
Answer
Reveal answer →Final answer
-0.5 (± 0.01)
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Asked at: Optiver, Akuna Capital