Suppose that you are offered the following “deal”. You roll…
Suppose that you are offered the following “deal”. You roll a die. If you roll a 1 or 2, you win $12. If you roll a 3, 4 or 5 you win $5. If you roll a 6, you pay $40. A. Complete the PDF Table. List the x values from largest to smallest and round numbers to three decimal places. x P(x) B. Find the expected value. Round to two decimal places. C. Interpret the expected value. D. Based on the expected value, should you play this game? Video on Expected Value Hint Textbook Pages