A certain game involves tossing 3 fair coins, and it pays 11cents for 3 heads , 7 cents for 2 heads, and 5cents for 1 head. Is 7 cents a fair price to pay to ply this game ? That is, does the 7 cents cost to play make the game fair?

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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A certain game involves tossing 3 fair coins, and it pays 11cents for 3 heads , 7 cents for 2 heads, and 5cents for 1 head. Is 7 cents a fair price to pay to ply this game ? That is, does the 7 cents cost to play make the game fair?

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