The player will flip a loaded coin four times. The loaded coin lands heads 65% of the time and tails 35% of the time. If
Posted: Fri Jul 08, 2022 6:15 am
The player will flip a loaded coin four times. The loaded coinlands heads 65% of the time and tails 35% of the time. If theplayer gets the same result three times in a row, they will win$100. Otherwise they win $0. Keep in mind: Getting 4 in a row willnot yield you an extra $100. It also does not disqualify theoriginal $100. For example HHHH and HHHT are both worth $100. Whatis the expected value for all 16 possible outcomes NOT 8