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Dice sum news

Market makingMedium

fair -sided dice are rolled. A contract pays, in dollars, the sum of the dice. You learn that at least one die shows . What is the new fair value in dollars? Give an exact fraction.

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A whole number, a decimal, a fraction like 3/8 or a percent.

Hint

List the outcomes that remain possible.

Solution
  1. The remaining outcomes are the pairs with at least one , all equally likely.
  2. Their sums add up to .
  3. The new fair value is .

Answer: