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In a game, a man wins Rs. 1000 if he gets an even number ≥4 on a fair die and loses Rs. 200 for getting any other number on the die. If he decides to throw the die until he wins or maximum of three times, then his expected gain/loss (in Rupees) is |
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Answer» In a game, a man wins Rs. 1000 if he gets an even number ≥4 on a fair die and loses Rs. 200 for getting any other number on the die. If he decides to throw the die until he wins or maximum of three times, then his expected gain/loss (in Rupees) is |
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