Question
In the game of heads or tails, if two coins are tossed, you win $0.68 if you throw two heads, win $0.34 if you throw
In the game of heads or tails, if two coins are tossed, you win $0.68 if you throw two heads, win $0.34 if you throw a head and a tail, and lose $1.02 if you throw two tails. What are the expected winnings of this game? (Round the final answer to 4 decimal places.)
Expected winnings $
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Microeconomics
Authors: Robert Pindyck, Daniel Rubinfeld
8th edition
978-0132870436, 132870436, 013285712X, 978-0133371178, 133371174, 978-0132857123
