Answer:
$0
Explanation:
Probability of getting a six and a tail:
= (1 ÷ 6) × (1 ÷ 2)
= 1 ÷ 12
Probability of not getting a six and a tail:
= 1 - (1 ÷ 12)
= (11 ÷ 12)
Therefore, the expected value is as follows:
= (Probability of getting a six and a tail × Gain) - (Probability of not getting a six and a tail × Lose)
= [(1 ÷ 12) × $110] - [(11 ÷ 12) × $10]
= $0
Hence,
For 45 times,
Money expected = 45 × $0
= $0