Question 1197245
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A game involving tossing 2 coins and receiving 58 cents if they are both heads.
What is a fair price to pay for the privilege of playing this game twice?
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<pre>
The probability to win in each game is 1/4 = 0.25.


The fair price to play this game once is  {{{58/4}}} = {{{29/2}}} = 14.5 cents.


The fair price to play this game twice is  2*14.5 cents = 29 cents.    <U>ANSWER</U>
</pre>

Solved and explained.



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The answer in the post by @MathLover1 is incorrect.