Bill plays the following game: he flips a coin four times. If the number of times that
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Bill plays the following game: he flips a coin four times. If the number of times that heads appear is 0 or 1, he wins $6, if heads appear 3 or 4 times he loses $12.
What is the amount of money he should receive if heads appear twice so that this is a fair game?
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Related Book For 
Introduction To Probability Volume 2
ISBN: 9781118123331
1st Edition
Authors: Narayanaswamy Balakrishnan, Markos V. Koutras, Konstadinos G. Politis
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