document.write( "Question 293205: A game is played by flipping three coins. If all three coins lands heads up you win $15. If two coins lands heads up you win $5. If one coin lands heads up you win $2. If no coin land heads up you win nothing. If you play $4 to play, what are your expected winnings?\r
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document.write( "answer choice
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document.write( "a. $1.00
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document.write( "b. -$1.00
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document.write( "c. -$0.50
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document.write( "d. $0.50 \n" );
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Algebra.Com's Answer #211666 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! A game is played by flipping three coins. If all three coins lands heads up you win $15. If two coins lands heads up you win $5. If one coin lands heads up you win $2. If no coin land heads up you win nothing. If you pay $4 to play, what are your expected winnings? \n" ); document.write( "------------- \n" ); document.write( "Random winning values::::::: 11::::1::::-2 \n" ); document.write( "------------- \n" ); document.write( "Corresponding probabilities: 1/8:::3/8:::3/8 \n" ); document.write( "=============== \n" ); document.write( "Expected winnings = (1/8)(11) + (3/8)*1 + (3/8)(-2) \n" ); document.write( "=[11 + 3 -6]/8 \n" ); document.write( "=[8/8] \n" ); document.write( "= $1 \n" ); document.write( "===================== \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "=====================\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( "answer choice \n" ); document.write( "a. $1.00 \n" ); document.write( "b. -$1.00 \n" ); document.write( "c. -$0.50 \n" ); document.write( "d. $0.50 \n" ); document.write( " \n" ); document.write( " |