Text
A fair die is rolled times. Giovanni bets euros that a number divisible by comes up at least once.
(a) Compute the probability of winning.
(b) If the odds are , are they fair, favorable, or unfavorable to the house?
Solution
(a) The numbers on the die divisible by are and , so and . With independent rolls, so
(b) The fair odds (that make the game fair) are . Since the offered odds are lower than , the player receives less than what would be fair: the odds are unfavorable to the player (favorable to the house).