A person throws two fair dice. He wins Rs. 15 for throwing a doublet (same numbers on the two dice), wins Rs…
A person throws two fair dice. He wins Rs. for throwing a doublet (same numbers on the two dice), wins Rs when the throw results in the sum of , and loses Rs. for any other outcome on the throw. Then the expected gain/loss (in Rs.) of the person is:
loss
gain
2 gain
loss
Solution
win Rs. number of cases win Rs. number of cases loss Rs. number of cases (expected gain/loss)