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A fair 6-sided die is rolled. If I roll n then I win 1/n dollars. What is the expected value of my win? Express your answer as a dollar value rounded to the nearest cent.

 Dec 15, 2020
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Expected value = $(1 + 1/2 + 1/3 + 1/4 + 1/5 + 1/6)/6

 

I'll leave you to crunch the numbers.

 Dec 15, 2020

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