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A person pays $4 to flip a coin three times. Each time the coin comes up "heads", the player gets $2. What is the expected value of this game? O $3.00 O-S0.75 O -$1.00 O -$1.75 O $1.00

A person pays $4 to flip a coin three times. Each time the coin comes up "heads", the player gets $2. What is the expected value of this game? O $3.00 O-S0.75 O -$1.00 O -$1.75 O $1.00

Calculus For The Life Sciences
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter12: Probability
Section12.3: Conditional Probability; Independent Events; Bayes' Theorem
Problem 44E
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A person pays $4 to flip a coin three times. Each time the coin comes up "heads", the player gets $2. What is the expected value of this game? O $3.00 O -$0.75 O -$1.00 O -$1.75 O $1.00
Transcribed Image Text:A person pays $4 to flip a coin three times. Each time the coin comes up "heads", the player gets $2. What is the expected value of this game? O $3.00 O -$0.75 O -$1.00 O -$1.75 O $1.00
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