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In: Statistics and Probability

Consider the following game. You are to toss three fair coins. If three heads or three...

Consider the following game. You are to toss three fair coins. If three heads or three tails turn up, your friend pays you $20. If either one or two heads turn up, you must pay your friend $5. What are your expected winnings or losses per game?

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orchestra answered 2 years ago
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