Post a New Question


posted by on .

You are given 9 to 1 odds against tossing three heads with three coins, meaning you win $9 if you succeed and you lose $1 if you fail. (Find the expected value of the described game. Would you expect to win or lose money in 1 game? in 100 games? Explain.

  • Math - ,

    (1/8*9)-(7/8*1) = 1.125-.875 = .25
    100 games you are expected to lose
    1 game you are equally likely to win or lose

Answer This Question

First Name:
School Subject:

Related Questions

More Related Questions

Post a New Question