A certain game involves tossing 3 fair coins, and it pays Se for 3 heads, 3e for 2 heads, and 14 for 1 head. Is 3e a fai
Posted: Mon Jul 11, 2022 12:05 pm
A certain game involves tossing 3 fair coins, and it pays Se for 3 heads, 3e for 2 heads, and 14 for 1 head. Is 3e a fair price to pay to play this game? That is, does the 3e cost to play make the game fai? The 3e cost to play a fair price to pay because the expected winnings are (Type an integer or a racion Simplify your answer)