2. You are allowed to play a game with the following rules. You pay $1 to flip a fair Quarter, Nickel and Dime. If they all three come up Heads or all three come up Tails you get $3. You are allowed to play this as many times as you want. A. Create a Table to goes through the Probabilities for the outcomes (win or lose) B. What is the Expected Value of playing this game? C. Should you play this game?
2. You are allowed to play a game with the following rules. You pay $1 to flip a fair Quarter, Nickel and Dime. If they all three come up Heads or all three come up Tails you get $3. You are allowed to play this as many times as you want. A. Create a Table to goes through the Probabilities for the outcomes (win or lose) B. What is the Expected Value of playing this game? C. Should you play this game?
Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter14: Counting And Probability
Section14.CR: Chapter Review
Problem 35E
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