Rey discovered that if she waived her hand as the dice rolled, she could change the outcome in her favor. Unfortunately, her jedi skills were still "awakening". Some of the time, the hand-waiving had no effect. Otherwise, it resulted in exactly what she wanted. Further, she could only focus on one of the two dice. The second die would have a fair outcome ( 1 thru 6 equally likely). Experiments showed that her jedi powers worked 40% of the time. That is, 40% of the time, waiving her hand resulted in exactly what she wanted. 60% of time, it had no effect on the outcome. Her plan was simple - - waive her hand and change the first die to a 6 . If it worked, the first die would be a 6. If it didn't, all of the outcomes (1 thru 6) on the first die were just as likely. She would take a long bet on 12 and a short bet on 2. What is the expected payout to Rey's strategy? Answer in dollars and cents, the nearest cent, with no punctuation other than the decimal place. For example, if your answer is $12.338, enter "12.34". Note that Canvas will rem railing zeros after the decimal place from answers.

Q&A Education