Dice payoff via Wald
You roll a die and are paid its face value; on a 4, 5, or 6 you must reroll (forfeiting the current value), and the game stops on a 1, 2, or 3. What is your expected total payoff (in dollars)?
Show hints (2)+
- How many rolls do you expect to make?
- Wald: .
Answer
Reveal answer →Final answer
7
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