A casino game consists of a single toss of a fair die and

Reference no: EM13615620

A casino game consists of a single toss of a fair die and pays as follows: if the die comes up with an odd number, the player is paid that number of dollars (i.e., $1 for rolling a 1, $3 for rolling a 3, and $5 for rolling a 5), and if an even number comes up the player is paid nothing. What fee should the casino charge to play the game to make it exactly fair?

Reference no: EM13615620

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