October 13, 2015

Homework Help: Math

Posted by Chris on Thursday, April 14, 2011 at 11:02pm.

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.

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