How much must player receive if she wins

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Reference no: EM132128422

Question: A gamble is said to be fair if each player has the same expected outcome. Suppose we play a game in which the first of two players receives $50 each time the roll of a balanced die comes up with a 1 or 6. Player 2 wins if the die shows a 2, 3, 4, or 5. For the game to be fair, how much must player 2 receive if she wins?

Reference no: EM132128422

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