Sigma Percentile
JEE Main 2019 (12 January)
LEVELJEE Main

Animated Solution for Mathematics - Probability: 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/loss (in rupees) is :

Select Answer:

Visualized Solution

Defining Probabilities

  • Winning means getting a or .
  • Losing means getting or .

Stopping Conditions

  • The game stops if the man wins.
  • The game also stops after a maximum of throws.

Case 1: Win on 1st Throw

  • Case 1: Win on the first throw ().
  • Net Gain:
  • Probability:

First Throw Loss

  • What if he loses the first throw?
  • Loss on 1st throw ().
  • Penalty:

Case 2: Loss then Win

  • Case 2: Loss on 1st, Win on 2nd ().
  • Net Gain:
  • Probability:

Second Throw Loss

  • What if he loses the second throw too?
  • Loss on 1st, Loss on 2nd ().
  • Penalty so far:

Case 3: Two Losses then Win

  • Case 3: Loss, Loss, Win ().
  • Net Gain:
  • Probability:

Case 4: Three Consecutive Losses

  • Case 4: Loss, Loss, Loss ().
  • Net Gain:
  • Probability:

Expected Value Formula

  • Expected Value
  • = Net Gain in each case
  • = Probability of that case

Substituting the Values

Calculating the Expected Value

  • Common denominator is :

Final Result

  • The expected gain/loss is Rs. .

The Sigma Insight: Random Variables and Probability Distributions

Solution Diagram

Analyzing the Setup

To solve this problem, we must visualize the game as a branching path, or a probability tree. On any single throw, the probability of winning, , is , which simplifies to .
Conversely, the probability of losing, , is , which simplifies to . We are limited to a maximum of three throws, and the game terminates immediately upon a win.

Mapping the Possibilities

We define the outcomes based on the sequence of events:
Path 1: You win on the first throw. The probability is , and your gain is .
Path 2: You lose the first, then win the second. The probability is . Your net gain is .
Path 3: You lose the first, lose the second, then win the third. The probability is . Your net gain is .
Path 4: You lose all three throws. The probability is . Your net gain is .

The Expected Value Synthesis

The Expected Value, , is the weighted average of all possible outcomes, defined by the formula . Substituting our calculated values, we get:
To solve this, we find a common denominator of :

Final Calculation

Combining the terms in the numerator:
The result is 0. This means that, on average, you neither win nor lose money. In the world of probability, this is defined as a fair game.

Similar Questions

JEE Main 2019 (12 April)
LEVELBoard

A person throws two fair dice. He wins Rs. 15 for throwing a doublet, wins Rs. 12 when the throw results in the sum of 9, and loses Rs. 6 for any other outcome on the throw. Then the expected gain/loss (in Rs.) of the person is :

(A)
2 gain
(B)
1/2 loss
(C)
1/4 loss
(D)
1/2 gain
JEE Advanced 2009
LEVELJEE Main

Comprehension Passage

A fair die is tossed repeatedly until a six is obtained. Let denote the number of tosses required.
Question 1:

The probability that equals

(A)
25/216
(B)
25/36
(C)
5/36
(D)
125/216
Question 2:

The probability that equals

(A)
125/216
(B)
25/36
(C)
5/36
(D)
25/216
Question 3:

The conditional probability that given equals

(A)
125/216
(B)
25/216
(C)
5/36
(D)
25/36
JEE Main 2020 (7 January Shift 1)
LEVELJEE Main

An unbiased coin is tossed 5 times. Suppose that a variable is assigned the value when consecutive heads are obtained for , otherwise takes the value . The expected value of , is

(A)
(B)
(C)
(D)
JEE Main 2020 - 7 Jan (Morning)
LEVELJEE Main

An unbiased coin is tossed 5 times. Suppose that a variable is assigned the value when consecutive heads are obtained for otherwise takes the value . Then the expected value of , is:

(A)
(B)
(C)
(D)
JEE Main 2024 (27 Jan Shift 1)
LEVELJEE Main

A fair die is tossed repeatedly until a six is obtained. Let denote the number of tosses required and let and . Then is equal to

JEE Main 2020 - 5 Sep (Morning)
LEVELJEE Main

Four fair dice are thrown independently 27 times. Then the expected number of times, at least two dice show up a three or a five, is

JEE Main 2021 (26 Aug Shift 2)
LEVELJEE Main

A fair die is tossed until six is obtained on it. Let be the number of required tosses, then the conditional probability is :

(A)
(B)
(C)
(D)
JEE Advanced 1995
LEVELJEE Main

The probability of India winning a test match against West Indies is . Assuming independence from match to match the probability that in a match series India's second win occurs at third test is

(A)
(B)
(C)
(D)
JEE Main 2025 (January)
LEVELBoard

A coin is tossed three times. Let X denote the number of times a tail follows a head. If and denote the mean and variance of X, then the value of is:

(A)
51
(B)
64
(C)
32
(D)
48
JEE Main 2022 (27 July Shift 2)
LEVELJEE Main

A six faced die is biased such that . Let be a random variable that counts the number of times one gets a perfect square on some throws of this die. If the die is thrown twice, then the mean of is :

(A)
(B)
(C)
(D)