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Suppose we toss a fair coin three times and define the random variable X to be our winnings on a single play of a
Suppose we toss a fair coin three times and define the random variable X to be our winnings on a single play of a game where (a) we win $x if the first heads is on the xth toss, for x =1,2,3, b) and we lose $1 if we get no heads in all three tosses. Draw a probability distribution table and compute the standard deviation of winnings.
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