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Ray Atkinson
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Find the expectation and the fair price (FP) of the game of

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Find the expectation and the fair price (FP) of the game of Chuck-a-luck if a player bets $1.25 on one number. In the game Chuck-a-Luck, three dice are rolled. A player bets a certain amount on a number appears on 1 dice, the person wins $1.50. If it appears on 2 dice, the person wins $3.00, and if appears on all 3 dice, the person wins $4.50.
Submitted: 5 years ago.
Category: Homework
Expert:  Ray Atkinson replied 5 years ago.

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