Question

There is a game at the carnival that costs $20 to play. There are two outcomes: either you win $100, or you lose. To play, you roll a die. If a six appears, you win; all other rolls, you lose.

What is the mean (or the expected value) of the game?

Answer Choices:
-$1.66
-$3.33
$1.66
$3.33

Answer 1

-$1.66

Answer 2

or $1.66