You are given 5 to 4 odds against tossing three heads with threecoins, meaning you win $5 if you succeed and you lose $4 if you fail. Find the...
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You are given 5 to 4 odds against tossing three heads with three​ coins, meaning you win ​$5 if you succeed

and you lose ​$4 if you fail. Find the expected value​ (to you) of the game. Would you expect to win or lose money in 1​ game? In 100​ games? Explain.

Find the expected value​ (to you) for the game.

Top Answer

He should be expected to loose $2.88 in 1... View the full answer

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