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Answer to Question #82514 in Statistics and Probability for ruhi
Question #82514
A player tosses two fair coins. He wins Rs.100/- if head appears, Rs.200/- if two heads
appear. On the other hand he loses Rs.500/- if no head appears. Determine the expected
value E of the game and is the game favorable to the player?
appear. On the other hand he loses Rs.500/- if no head appears. Determine the expected
value E of the game and is the game favorable to the player?
Expert's answer
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