Three coins in a fountain. You pay $5 for three coins to toss in a fountain and see how they land. If you see no heads, then you receive $20. If you see exactly one head, then you receive $5 (the game is a draw), and if you see at least two heads, then you lose. What is the expected value of this game? Is there one single possible outcome whereby you would actually gain or lose the exact amount computed for the expected value? If not, why do we call the expected value, the expected value?
Three coins in a fountain. You pay $5 for three coins to toss in a fountain and see how they land. If you see no heads, then you receive $20. If you see exactly one head, then you receive $5 (the game is a draw), and if you see at least two heads, then you lose. What is the expected value of this game? Is there one single possible outcome whereby you would actually gain or lose the exact amount computed for the expected value? If not, why do we call the expected value, the expected value?
Three coins in a fountain. You pay $5 for three coins to toss in a fountain and see how they land. If you see no heads, then you receive $20. If you see exactly one head, then you receive $5 (the game is a draw), and if you see at least two heads, then you lose. What is the expected value of this game? Is there one single possible outcome whereby you would actually gain or lose the exact amount computed for the expected value? If not, why do we call the expected value, the expected value?
Fundamentals of Differential Equations and Boundary Value Problems
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