Statistics Interview Questions

Statistics
 

[tps_title]Statistics Interview Questions[/tps_title]

Five_ivory_diceTwo games are offered to you. In game 1, you roll a die once and win $1 million times the number that you rolled. In game 2, you roll a die 1 million times and are paid $1 time the number you rolled after each roll. As a risk averse person, which game do you prefer?