Thread: Econ HW - Expected Value
View Single Post
  #7  
Old 10-22-2007, 05:33 PM
ItalianFX ItalianFX is offline
Senior Member
  
Join Date: Nov 2005
Location: 3 Weeks to Freedom
Posts: 4,808
Default Re: Econ HW - Expected Value
What I don't understand about the dice problem is, why are we weighting the sides of the die? Assume that we only roll the die once, then each side has an equal chance of coming up, one out of 6 or 1/6. Why weight them 1, 2, 3, 4, 5, 6?
Reply With Quote