SOLUTION: A player tosses two fair coins. The player wins £3 if 2 heads occur, and £1 if 1 head occurs. For the game to be fair, how much should the payer lose if no heads occur?

Algebra ->  Probability-and-statistics -> SOLUTION: A player tosses two fair coins. The player wins £3 if 2 heads occur, and £1 if 1 head occurs. For the game to be fair, how much should the payer lose if no heads occur?       Log On


   



Question 913707: A player tosses two fair coins. The player wins £3 if 2 heads occur, and £1 if 1 head occurs. For
the game to be fair, how much should the payer lose if no heads occur?

Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
HH, HT, TT, TH
£3(1/4) + £1((1/2) - £5(1/4) = 0
Re TY
3/4 + 2/4 - ++highlight_green%285%29+ /4 = 0