SOLUTION: The game of heads up is played by flipping two coins. If they both land heasds up, you win $12. If only one lands heads up,you win$12. If no conis land heads up, you win $8. If you
Algebra.Com
Question 436879: The game of heads up is played by flipping two coins. If they both land heasds up, you win $12. If only one lands heads up,you win$12. If no conis land heads up, you win $8. If you pay $15 to play the game each time the coins are flipped, is the game a fair game?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
The game of heads up is played by flipping two coins.
If they both land heasds up, you win $12.
If only one lands heads up,you win$12.
If no conis land heads up, you win $8.
If you pay $15 to play the game each time the coins are flipped, is the game a fair game?
-------------------------------
Random gain values: 12,12,8,-15
Matching probs are: 1/4,1/2,1/4,0
----
E(x) = 12*(1/4)+12(1/2)+8(1/4)+-15(0)
---
E(x) = 3+6+2 = $11
----
I doubt that you have posted this problem correctly.
Cheers,
Stan H.
RELATED QUESTIONS
A game is played by flipping three coins. If all three coins lands heads up you win $15.... (answered by stanbon)
The probability of flipping 2 coins and having at least one land heads up... (answered by stanbon)
Mason plays a game by flipping two fair coins. He wins the game if both coins land facing (answered by math_tutor2020)
If you flip two coins, the probability that both will come up heads is _____. (answered by eshomali)
What is the probability of flipping a single coin and having it land heads up and tails... (answered by ewatrrr)
Suppose you toss a coin 25 times, and it lands heads up 13 times. Compare the... (answered by ewatrrr)
9 In a two person game, four coins are tossed. If exactly two come up heads, you win. If... (answered by Fombitz)
1)A game is played as follows:
A coin is flipped 3 times.
If 3 heads come up, then you... (answered by solver91311)
Three coins are tossed. Find the probability that no more than one coin lands heads up. (answered by jojo14344)