Question
#15.5 Hello, I am having problems with a question and need assistance. A Certain game involves tossing 3 fair coins, and it pays 8 cents
#15.5 Hello, I am having problems with a question and need assistance.
A Certain game involves tossing 3 fair coins, and it pays 8 cents for 3 heads, 5 cents for 2 heads, and 3 cent for 1 head. Is 5 cents a fair price to pay to play this game?
That is, does the 5 cents cost to play make the game fair?
The 5 cent cost to play IS NOT a fair price to pay because the expected winnings are ____ cents.
The answer should be typed as a fraction and simplified. Thank you
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Complex Variables and Applications
Authors: James Brown, Ruel Churchill
8th edition
73051942, 978-0073051949
