SOLUTION: There is a game that costs $5.00 to play. Two coins are tossed. You get $10.00 if two heads appear. You get $5.00 if one head appears. You get nothing if there are no heads. Is thi

Algebra ->  Probability-and-statistics -> SOLUTION: There is a game that costs $5.00 to play. Two coins are tossed. You get $10.00 if two heads appear. You get $5.00 if one head appears. You get nothing if there are no heads. Is thi      Log On


   

Question 631171: There is a game that costs $5.00 to play. Two coins are tossed. You get $10.00 if two heads appear. You get $5.00 if one head appears. You get nothing if there are no heads. Is this game fair? Explain.
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
 

Hi,

game that costs $5.00 to play. Two coins are tossed.

You get $10.00 if two heads appear. You get $5.00 if one head appears. 

You get nothing if there are no heads.

               2-Heads       1-Head        2-Tails

  = 5%2F4-5%2F4+=+0

Game is a fair game