American Express Interview Question | Casino
Question
The rules of a casino are simple, you will get 3 dices to roll and win $15 every time it lands on 1. You are allowed to play until you win and then stop. What will be your expected payout in the scenario?
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Answers ( 2 )
It’s $15. You win and fly.
The probability that we will have 1 in 1st roll=1/6 ——- return =15
The probability that we will have 21in 2nd roll=5/6*1/6=5/36 ——- return =15
The probability that we will have 1 in 1st roll=5/6*5/6*1/6=25/216——- return =15
Hence Expected return = 1/6*15+5/36*15+25/216*15 = approx.= $6.94