One paid reroll of a die costing a dollar
Question
Alice rolls a fair six-sided die and looks at the result. She may either keep it, receiving that many dollars, or pay $1 to roll a second time, in which case she receives the value of the second roll instead. She can reroll at most once. If she plays optimally, what is her expected net payout?
Short answer
. Rerolling is worth on average, so she keeps any first roll of or more and rerolls a or . That gives .
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Open the worked solutionLessons behind this question
- Expectation, Mean, and Variance
- Counting and Combinatorics
- Conditional Probability, Total Probability, and Bayes' Rule
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