SOLUTION: A game is being played where you must flip a coin 3 times. If you get three heads, you win 10$. If you get exactly two heads you win 1$. Or else you lose $2. What is your expected

Algebra ->  Probability-and-statistics -> SOLUTION: A game is being played where you must flip a coin 3 times. If you get three heads, you win 10$. If you get exactly two heads you win 1$. Or else you lose $2. What is your expected       Log On


   



Question 798991: A game is being played where you must flip a coin 3 times. If you get three heads, you win 10$. If you get exactly two heads you win 1$. Or else you lose $2. What is your expected net winnings ?
Answer by Finavon(81) About Me  (Show Source):
You can put this solution on YOUR website!
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TTH
TTT
10+1+1-2+1-2-2-2=5
$5 per 8 games