The expected gain or loss is an illustration of mean and expected values.
The expected total gain is 83 points
The given parameters are:
The probability of rolling a 6 in a fair die is 1/6.
The probability of not rolling a 6 in a fair die is 5/6.
So, the expected gain in each game is:
[tex]\mathbf{E(x) = 20 \times \frac 16 - 3 \times \frac 56}[/tex]
[tex]\mathbf{E(x) = \frac{20}6 - \frac{15}6}[/tex]
Take LCM
[tex]\mathbf{E(x) = \frac{5}6}[/tex]
[tex]\mathbf{E(x) = 0.83}[/tex]
The number of games is 100.
So, the expected gain is:
[tex]\mathbf{Gain = 100 \times 0.83}[/tex]
[tex]\mathbf{Gain = 83}[/tex]
Hence, the expected total gain is 83 points
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