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  • Expected Value Using A Pair Die - Not A Uniform Distribution Expected Value Using A Pair Die - Not A Uniform Distribution

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    Haley Davis
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    The document contains results from multiple die toss experiments to calculate expected values. It shows the outcomes of tossing one or two dice, their frequencies, associated results, and expected value calculations. The expected value using a single six-sided die is $0. The expected value using a pair of dice, which is not a uniform distribution, ranges from $1.11 to $35.91 depending on the specific results assigned to each outcome.

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    The document contains results from multiple die toss experiments to calculate expected values. It shows the outcomes of tossing one or two dice, their frequencies, associated results, and expected value calculations. The expected value using a single six-sided die is $0. The expected value using a pair of dice, which is not a uniform distribution, ranges from $1.11 to $35.91 depending on the specific results assigned to each outcome.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    6 views4 pages

    Expected Value Using A Pair Die - Not A Uniform Distribution Expected Value Using A Pair Die - Not A Uniform Distribution

    Uploaded by

    Haley Davis
    The document contains results from multiple die toss experiments to calculate expected values. It shows the outcomes of tossing one or two dice, their frequencies, associated results, and expected value calculations. The expected value using a single six-sided die is $0. The expected value using a pair of dice, which is not a uniform distribution, ranges from $1.11 to $35.91 depending on the specific results assigned to each outcome.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 4

    DIE TOSS FREQUENCY

    OUTCOME
    F
    1
    1
    1
    2
    1
    3
    1
    4
    1
    5
    1
    6
    6

    RESULT
    X

    $50
    $10
    $0
    ($10)
    ($20)
    ($30)

    PRODUCT EXPECTED
    F TIMES X VALUE

    $50
    $10
    $0
    ($10)
    ($20)
    ($30)
    $0

    $0

    DIE TOSS FREQUENCY RESULT


    OUTCOME
    F
    X
    1
    1
    $0
    1
    2
    $0
    1
    3
    $300
    1
    4
    $500
    1
    5
    $1,000
    1
    6
    $10,000
    6

    EXPECTED VALUE USING A PAIR DIE - NOT A UNIFORM DISTRIBUTION

    EXPECTED VALUE USING A PAIR

    DIE TOSS FREQUENCY


    OUTCOME
    F
    2
    1
    3
    2
    4
    3
    5
    4
    6
    5
    7
    6
    8
    5
    9
    4
    10
    3
    11
    2
    12
    1

    DIE TOSS
    OUTCOME
    2
    3
    4
    5
    6
    7
    8
    9
    10
    11
    12

    SUM
    AVERAGE

    RESULT
    X
    $0.00
    $0.00
    $0.00
    $10.00
    $10.00
    $25.00
    $50.00
    $50.00
    $75.00
    $75.00
    $100.00

    36

    PRODUCT EXPECTED
    F TIMES X VALUE
    0
    0
    0
    40
    50
    150
    250
    200
    225
    150
    100
    1165

    $35.91

    $32.36

    SUM
    AVERAGE

    PRODUCT EXPECTED
    F TIMES X
    VALUE

    DIE TOSS FREQUENCY RESULT PRODUCT EXPECTED


    OUTCOME
    F
    X
    F TIMES X VALUE
    1
    1
    $80
    $80
    1
    2
    $100
    $100
    1
    3
    $120
    $120
    1
    4
    $170
    $170
    1
    5
    $200
    $200
    1
    6
    ($2,500) ($2,500)
    6
    ($1,830)
    ($305)

    $0
    $0
    $300
    $500
    $1,000
    $10,000
    $11,800 $1,966.67

    EXPECTED VALUE USING A PAIR DIE - NOT A UNIFORM DISTRIBUTION


    FREQUENCY
    F
    1
    2
    3
    4
    5
    6
    5
    4
    3
    2
    1

    RESULT
    X
    $0.00
    $0.00
    $0.00
    $0.00
    $0.00
    $30.00
    $40.00
    $40.00
    $50.00
    $50.00
    $100.00

    36

    PRODUCT EXPECTED
    F TIMES X VALUE
    0
    0
    0
    0
    0
    180
    200
    160
    150
    100
    100
    890

    $28.18

    $24.72

    EXPECTED VALUE USING A PAIR DIE - NOT A UNIFORM


    DIE TOSS FREQUENCY RESULT
    OUTCOME
    F
    X
    2
    1
    $0.00
    3
    2
    $0.00
    4
    3
    $0.00
    5
    4
    $0.00
    6
    5
    $0.00
    7
    6
    -$10.00
    8
    5
    $0.00
    9
    4
    $0.00
    10
    3
    $0.00
    11
    2
    $0.00
    12
    1
    $100.00
    SUM
    AVERAGE

    36
    $8.18

    DIE TOSS FREQUENCY


    OUTCOME
    F
    1
    1
    1
    2
    1
    3
    1
    4
    1
    5
    1
    6
    6

    RESULT
    X

    PRODUCT EXPECTED
    F TIMES X VALUE

    $0
    ($20)
    ($40)
    ($60)
    $150
    $0

    DIE TOSS FREQUENCY RESULT


    OUTCOME
    F
    X
    1
    1
    $0
    1
    2
    $0
    1
    3
    $0
    1
    4
    ($100)
    1
    5
    $10
    1
    6
    $120
    6

    $0
    ($20)
    ($40)
    ($60)
    $150
    $0
    $30

    $5

    NG A PAIR DIE - NOT A UNIFORM DISTRIBUTION


    PRODUCT EXPECTED
    F TIMES X VALUE
    0
    0
    0
    0
    0
    -60
    0
    0
    0
    0
    100
    40

    $1.11

    DIE TOSS FREQUENCY


    OUTCOME
    F
    2
    1
    3
    2
    4
    3
    5
    4
    6
    5
    7
    6
    8
    5
    9
    4
    10
    3
    11
    2
    12
    1
    SUM
    AVERAGE

    RESULT
    X
    -$20.00
    -$20.00
    -$20.00
    -$10.00
    -$10.00
    $0.00
    $20.00
    $20.00
    $30.00
    $30.00
    $50.00

    36

    PRODUCT EXPECTED
    F TIMES X VALUE
    -20
    -40
    -60
    -40
    -50
    0
    100
    80
    90
    60
    50
    170

    $6.36

    $4.72

    PRODUCT EXPECTED
    F TIMES X VALUE

    $0
    $0
    $0
    ($100)
    $10
    $120
    $30

    $5

    DIE TOSS FREQUENCY


    OUTCOME
    F
    2
    1
    3
    2
    4
    3
    5
    4
    6
    5
    7
    6
    8
    5
    9
    4
    10
    3
    11
    2
    12
    1
    SUM
    AVERAGE

    RESULT
    X
    $0.00
    $0.00
    $0.00
    $0.00
    $0.00
    $0.00
    $0.00
    $0.00
    $20.00
    $20.00
    -$10.00

    36

    PRODUCT EXPECTED
    F TIMES X VALUE
    0
    0
    0
    0
    0
    0
    0
    0
    60
    40
    -10
    90

    $2.73

    $2.50

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