The value of the game will be $ 0.08. Then the correct option is B.
What is probability?
Its simple notion is that something will most likely occur. The favorable event's proportion to the overall number of occurrences.
A game is played by rolling a fair six-sided die once.
If the die lands on a 1 the player win $8 otherwise the player loses $1.50.
Then the value of the game will be
The probability of success will be
p = 1/6
The probability of failure will be
p = 5/6
Then the value of the game will be
Value of game = 8p - 1.5q
Value of game = 8 x 1/6 - 1.5 x 5/6
Value of game = 1.3333 - 1.25
Value of game = 0.08333
Value of game ≅ $ 0.08
More about the probability link is given below.
https://brainly.com/question/795909
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