Payoff for game of dice, Two people are playing a game.

Payoff for game of dice

Reference no: EM13103734

Two people are playing a game. Only one dice is thrown. If the outcome is a 2 or a 3, then player 1 pays player 2 $6. How much should player 2 pay player 1 when a 1, 4, 5 or 6 is thrown so that player 1 and 2 break even, on average, over many repetitions of the game?

A $2

B $8

C $4

D $6

Reference no: EM13103734

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