Expectation of amount of money won in a game

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SUMMARY

The discussion centers on calculating the expected amount of money won when rolling n dice, where the expected value of the number of sixes follows a binomial distribution, Y ~ B(n, 1/6). The expected value of money received, Z, is derived as E(Z) = 1/2 E(Y) = 1/12 n. Participants confirm the correctness of the calculations and discuss the equivalence of different experimental setups for rolling the dice, emphasizing that both methods yield the same expected gain of n/12.

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songoku
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Homework Statement
A man throws ##n## dice and will receive $ ##\frac{1}{2}x## where ##x## is number of sixes occurred (##x=0,1,2,...,n##). Prove that the expectation of the amount receives is $ ##\frac{1}{12}n##
Relevant Equations
Linear Combination of Random Variable: E(aX) = a.E(X)

Binomial Distribution: X ~ B (n, p)

Expectation of Binomial Distribution = np
This is what I did:

Let Y = number of sixes occurred when ##n## dice are thrown

Y ~ B (n, 1/6)

E(Y) = ##\frac{1}{6}n##Let Z = amount of money received → Z = ##\frac{1}{2}Y##

E(Z) = E(1/2 Y) = 1/2 E(Y) = ##\frac{1}{12}n##I got the answer but I am not sure about my working because I didn't take the amount of money into account (whether the man receives $0.5 or $1 or $1.5 , etc)

Is my working correct? Thanks
 
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It seems to me your working is correct. You took into account the amount of money received in an implicit way by using the random variable Z.
 
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Delta2 said:
It seems to me your working is correct. You took into account the amount of money received in an implicit way by using the random variable Z.
Actually I am more confident if I use probability distribution table to calculate the expectation, but I just can't solve it

This is what I tried:
For Z = 0 → P(Z = 0) = ##\binom n 0 \left ( \frac{1}{6} \right) ^0 \left ( \frac{5}{6} \right) ^n##

For Z = 0.5 → P(Z = 0.5) = ##\binom n 1 \left ( \frac{1}{6} \right) ^1 \left ( \frac{5}{6} \right) ^{n-1}##

For Z = 1 → P(Z = 1) = ##\binom n 2 \left ( \frac{1}{6} \right) ^2 \left ( \frac{5}{6} \right) ^{n-2}##
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For Z = ##\frac n 2## → P(Z = n) = ##\binom n n \left ( \frac{1}{6} \right) ^n \left ( \frac{5}{6} \right) ^0##Expectation
$$=0 \times \binom n 0 \left ( \frac{1}{6} \right) ^0 \left ( \frac{5}{6} \right) ^n + 0.5 \times \binom n 1 \left ( \frac{1}{6} \right) ^1 \left ( \frac{5}{6} \right) ^{n-1} + 1 \times \binom n 2 \left ( \frac{1}{6} \right) ^2 \left ( \frac{5}{6} \right) ^{n-2} + ... + \frac{n}{2} \times \binom n n \left ( \frac{1}{6} \right) ^n \left ( \frac{5}{6} \right) ^0$$
$$=\sum_{r=1}^n \frac{r}{2}\binom n r \left ( \frac{1}{6} \right) ^r \left ( \frac{5}{6} \right) ^{n-r}$$

Is this correct? If yes, how to prove that the sum will be ##\frac{1}{12}n##?

Thanks
 
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This should be in your textbook notes on how to calculate the expectation value of a variable that follows the binomial distribution. That sum is the expectation value of binomial with the factor 1/2 in front of it.

Now that I think of it I should be able to calculate that sum but I can't at the moment, I am stuck as you :D.
 
Or, simply: the expected return on each die is $0.50/6. He throws ##n## dice, so the expected return is $0.50n/6 = $n/12.
 
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PS a way of seeing that this is valid is to imagine throwing the ##n## dice one after the other; rather than all at the same time. Then, taking the expected gain after ##n## consecutive throws.

The expected gain for ##n## consecutive throws must be $n/12; and, it must be the same as throwing all the dice at the same time.
 
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PeroK said:
The expected gain for n consecutive throws must be $n/12; and, it must be the same as throwing all the dice at the same time.
That was something that was troubling me, if the two experiments are equivalent from a probabilistic point of view. Why are they if I may ask?
 
Delta2 said:
That was something that was troubling me, if the two experiments are equivalent from a probabilistic point of view. Why are they if I may ask?
In both cases there are ##n## independent dice.
 
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Thank you very much for all the help and explanation Delta2 and PeroK
 
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