5. Individual Problems 17-5 You are offered the following gamble based on coin flips. If the first heads occurs on the first flip, you get $2. If the first heads occurs on the second flip, you get $4, and so on, so that if the first heads is on the Nth flip, you get $2. The game continues until there is a heads. Which of the following best represents the expected value of this gamble in dollars? O 00 Oo e When offered, most people say they would pay only less than $10 to play this game. One explanation for this phenomenon is that individuals very unlikely events when making decisions. Grade It Now Save & Continue Continue without saving