Question Roll a die. If 1 shows, win $5. Else, win nothing. (a) If$1 to play, find the game's expected value (rounded to nearest cent).

Studdy Solution
Subtract to find the expected value.
$$Expected\, Value = \$0.67 - \$0.83 = -\$0.16$$
The expected value of the game is -\$0.16. This means that on average, a player will lose 16 cents per game.