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A game is played flipping three coins. If all three coins land heads up you win $15. If two coins land heads up you win $5. If one coin lands heads up you win $2. If no coins land heads up you win nothing. If you pay $4 to play,
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A game is played by flipping three coins. If all three coins land heads up you win $15. If two coins lands heads up you win $5. If one coin lands heads up you win $2. If no coins land heads up you win nothing. If you play $4 to
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Consider a collection of n biased coins, each showing Heads with probability p and Tails with probability 1p , independently of the others. The coins are tossed and all coins showing Heads are collected together and tossed again.
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