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July 31, 2015

Homework Help: Math

Posted by cd on Sunday, November 25, 2012 at 4:47pm.

Suppose you toss three fair coins. You win 32 cents if all three coins come up the same.
You win 8 cents if exactly 1 head occurs, and you win 48 cents if exactly 2 heads appears.
Would you pay 30 cents to play this game?
If not, then how much would you be willing to pay?

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