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Q.

In a game, a man wins Rs. 100 if he gets 5 or 6 on a throw of a fair die and loses Rs. 50 for getting any other number on the die. If he decides to throw the die either till he gets a five or a six or to a maximum of three throws, then his expected gain/losss (in rupees) is

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a

4009 loss

b

0

c

4003 gain

d

4003 loss

answer is B.

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Detailed Solution

Let A=event that 5 or 6 appear on die 

      B=event that any other number appear on die

 following events are possible

A, BA, BBA, BBB

Let X be the random variable denoting the amount won.

   X+100+500-150
   P(x)1329427827

Mean = xP(X)

           =1003+1009+0-120027 =0

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