Jimmy and Richard decide to play a challenge in which two dice are rolled. If the sum is less than 7, Jimmy wins $5 from Richard. Otherwise, Richard wins $4 from Jimmy. Who is expected to win more money after 5 rounds?
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Suppose Dice 1 (D1) rolled 1, so I got 6 possibilities for Dice 2 (D2), this way:
D1 + D2 = Sum
1 + 1 = 2 Jimmy wins
1 + 2 = 3 Jimmy wins
1 + 3 = 4 Jimmy wins
1 + 4 = 5 Jimmy wins
1 + 5 = 6 Jimmy wins
1 + 6 = 7 Richard wins
Now, for those six possible outcomes, five of them benefits Jimmy and only one is in favour to Richard. But as long Dice 1 can show higher results, Jimmy's chances will get smaller, while Richard's ones will get increased. At the point where D1 rolled 6, Jimmy has no chance anymore. So:
Jimmy's = 5+4+3+2+1+0 = 15
Richard's = 1+2+3+4+5+6 = 21