Solution-Expected value of the game

Expected value of the game

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Reference no: EM131407629

1. An unfair coin is flipped. If a head turns up, you win $1. If a tail turns up, you lose $1. The probability of a head is . 36.36 and the probability of a tail is . 64.64. Let X be the random variable for the amount won on a single play of this game. What is the expected value of the game?

E(x)= dollars

Reference no: EM131407629

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Expected value of the game : 1. An unfair coin is flipped. If a head turns up, you win $1. If a tail turns up, you lose $1. The probability of a head is . 36.36 and the probability of a tail is . 64.64. Let X be the random variable for the amount won on a single play of this ..

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Expected value of the game

Reference no: EM131407629

Reference no: EM131407629

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