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If you are playing a coin toss game and following is the payoff table Result Payoff Heads Get $25 Tails Lose $25 Assume that you
If you are playing a coin toss game and following is the payoff table Result Payoff
Heads Get $25
Tails Lose $25
Assume that you have $100, after you play the game once, how much money will you have?
A.$100 since the expected payoff of this game is 0.
B. $125 OR $75
C. $625 since the variance of the payoff is 625
D. not enough information
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