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August 27, 2015

Homework Help: Intro to Probability, please check my work.

Posted by Amelie on Sunday, February 17, 2008 at 3:35pm.

A fair coin is flipped three times. You win $5 every time the outcome is heads. Let the random variable X represent the total number of dollars you win.
(a) List the sample space.
(b) Determine the probability function of X.
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Answer: a) 2^3= 8 possibilities.
b) (P(heads 1st time)+ P(heads 2nd time) +P( heads 3rd time)) / 15

since each probability has 1/2 chance of occuring, the answer is 1/10

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