SOLUTION: Suppose you play a game where you flip two coins. These are the rules: You must pay $1 to play. If the coins are both Tails then you get $2, if both are Heads you get $1, and for a

Question 1086352: Suppose you play a game where you flip two coins. These are the rules: You must pay $1 to play. If the coins are both Tails then you get $2, if both are Heads you get $1, and for anything else you get nothing. Would you play this game? Justify your decision.
HH 1/4 = 0.25 * $1
TT 1/4 = 0.25 * $2
HT OR TH = 2/4 OR 1/2 * 0
$1 TO START PLAYING
I'm not sure if this is how you set up this problem?
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!
What's your expected earnings?
Put a dollar value to each win and loss.

You should expect to lose in the long run.
You shouldn't play this game unless you like losing money.
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