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We shall play a coin-flipping game. By the rule, we get $10 for head and -$5 for tail. The coin is not a fair coin
We shall play a coin-flipping game. By the rule, we get $10 for head and -$5 for tail. The coin is not a fair coin and the probability of seeing head is 0.4. Then, the expected gain for playing this game is computed as $1.
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