Probability and statistics- outcome of dice rolls

Reference no: EM13121845

Probability & Statistics : Outcome of Dice Rolls
Two people play a game. A single die is thrown. If the outcome is a 2 or a 3, then player A pays player B $6.00. How much should B pay A when a 1, 4, 5, or 6 is thrown so that A and B break even, on average, over many repititions of the game?

a. $2.00
b. $8.00
c. $4.00
d. $6.00
e. None of the above

Reference no: EM13121845

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