math

You are given 5 to 4 odds against tossing three heads with three​ coins, meaning you win ​$5 if you succeed and you lose ​$4 if you fail. Find the expected value​ (to you) of the game. Would you expect to win or lose money in 1​ game? In 100​ games? Explain.

  1. 👍
  2. 👎
  3. 👁
  1. P(HHH) = 1/8
    So, E(x) = 1/8 * 5 - 7/8 * 4

    1. 👍
    2. 👎
    👤
    oobleck

Respond to this Question

First Name

Your Response

Similar Questions

  1. Math: Probablity

    A penny, a nickel, and a dime are flipped at the same time. Each coin can come out either heads (H) or tails (T). a. What name is given to the act of flipping the coins? b. There are eight elements in the sample space (i.e.,

  2. statistics

    Use the random-number table to simulate the outcomes of tossing a quarter 25 times. Assume that the quarter is balanced (i.e., fair). (Start at row 1, and let 0, 1, 2, 3, 4 indicate heads and 5, 6, 7, 8, 9 indicate tails. Enter H

  3. Theoretical&Experimental Probability please help!

    Please check my work thanks!! A number cube with the numbers 1 through 6 is rolled. Find the given probability. 1. P(number < 2) (1 point) A. 1/6

  4. Advanced Math

    The probability of getting 2 heads and 1 tail when three coins are tossed is 3 in 8. Find the odds of not getting 2 heads and 1 tail. ANSWER: 5:8? Three Coins are tossed. Find the probability that exactly 2 coins show heads if the

  1. Probability

    Two fair coins are flipped simultaneously. This is done repeatedly until at least one of the coins comes up heads, at which point the process stops. What is the probability that both coins come up heads? I think it would be 1/2

  2. Math - Odds

    If you toss three coins, what are the odds in favor of getting exactly two tails and one head? A. 3:8 B. 3:5 C. 5:3 D. 8:3 can you explain this? i can do odds but this is confusing me.

  3. Math

    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

  4. probability

    Tossing a pair of coins We have a white coin, for which P(Heads)=0.4 and a black coin for which P(Heads)=0.6. The flips of the same or of different coins are independent. For each of the following situations, determine whether the

  1. Math

    What is the probability of tossing two coins and having them both show heads? Show all work. Please help I don't understand this.

  2. Statistics

    In a gambling game a man is paid $5 if he gets all heads or all tails when 3 coins are tossed, and he pays out of $3 if either 1 or 2 heads show. what is his expected gain or loss of the 3 coins?

  3. math

    Two coins are tossed, find the probability that two heads are obtained. Note: Each coin has two possible outcome H(heads), and T (tails).

  4. Algebra Probability

    A coin is tossed twice. What is the probability of tossing heads, and then tails, given that the coin has already shown heads in the first toss?

You can view more similar questions or ask a new question.