You are invited to participate in the following fame, which is played with one die. Assume the die to be fair.The rules are as follows: Investment is 100 THB. If you roll a 1,2,3 or 4 you lose your investment. If you roll a 5, I will pay you 150 THB. If you roll a 6, I will pay you 500 THB.Should you participate in this game? Why/why not?Use 5 step-procedure for testing a hypothesis.
