A game involving a pair of dice pays you $4 with probability 16/36, costs you $2 with probability 14/36, and costs you $6 with probability 6/36. what is your approximate probability of losing money in one play of the game?

Respuesta :

Let the winnings in dollars in the single play of a game be "X".

Thus, in our case the only three values that X can take is +4 (or 4), -2 and -6.

It is also given that [tex]P(4)=\frac{16}{36}, P(-2)= \frac{14}{36}[/tex] and [tex]P(-6)=\frac{6}{36}[/tex].

Therefore, the probability of losing money in a single play of the game will be the sum of the probability of the losses.

Thus, [tex]P(loss in one play)=P(X=-6)+P(X=-2)=\frac{6}{36}+ \frac{14}{36}=\frac{20}{36}= \frac{5}{9}[/tex].

Thus, the approximate probability of losing money in one play of the game is [tex]\frac{5}{9}[/tex] or 55.56% (approximately).

Answer:

0.56 or 56%

Step-by-step explanation:

Let x = winning amount in dollars, in a one play of the game.

there taxes values = -6, -2 and 4.

and P(x = -6) = [tex]\frac{6}{36}[/tex]

and P(x = -2) = [tex]\frac{14}{36}[/tex]

and P(x = 4) = [tex]\frac{16}{36}[/tex]

P (loosing money in one play of game) = P (x ≤ -2)

and P(x ≤ -2) = P ( x = -6) + P ( x = -2)

                    = [tex]\frac{6}{36}[/tex] + [tex]\frac{14}{36}[/tex] = [tex]\frac{20}{36}[/tex]          

                   = 0.555555556 ≈ 0.56

Probability of losing money in one play of the game is 0.56 or 56%