A certain game involves tossing 3 fair coins, and it pays 11¢ for 3 heads, 7¢ for 2 heads, and 4e for 1 head Is 7 a fair price to pay to play this game? That is, does the 7¢ cost to play make the game fair? The 7¢ cost to play V a fair price to pay because the expected winnings are e. (Type an integer or a fraction. Simplify your answer.)

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A certain game involves tossing 3 fair coins, and it pays 11¢ for 3 heads, 7¢ for 2 heads, and 4e for 1 head. Is 7¢a fair price to pay to play this game? That is, does the 7¢ cost to play make the game fair?
....
The 7¢ cost to play
a fair price to pay because the expected winnings are
(Type an integer or a fraction. Simplify your answer.)
Transcribed Image Text:A certain game involves tossing 3 fair coins, and it pays 11¢ for 3 heads, 7¢ for 2 heads, and 4e for 1 head. Is 7¢a fair price to pay to play this game? That is, does the 7¢ cost to play make the game fair? .... The 7¢ cost to play a fair price to pay because the expected winnings are (Type an integer or a fraction. Simplify your answer.)
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