posted by natalie .
You and your friend each have a coin. For each round, each of you flips your coin. If both coins show heads, your friend pays you $3. If both show tails, your friend pays you $1. If the coins don't match, you pay him $2. Is this a fair game?
The four possible outcomes are:
Average -2.00/4 = -0.50
Decide for yourself.
in the last part of the list T/T you have a -1.00 but shouldnt it be +1.00? does that then change the final answer?
Sorry that I misread the payment scheme.
So it is now:
Average 0.00/4 = 0.0
I suppose the result is now evident.
thank you! :)