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Question

You have been offered the chance to play a dice game in which you will receive Rs.20/ each time if the total of the points on the two dice is 6, what will be your decision if it costs Rs.3/ per toss instead of Rs.2.50/

A
Yes
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B
No
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C
Ambiguous
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D
Data Insufficient
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Solution

The correct option is A No
(1,5)(5,1)(2,4)(4,2)(3,3)
P(getting total 6)=5/36
Net gain =5/36203=0.222
Since his net gain is negative, therefore he should not play

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