A game is played as follows. You pay P20 to a play. A coin is flipped four times. If four tails or four heads are obtained, you get your P20 back plus P50 more. Otherwise, you will lose your P20. What is the mathematical expectation? Select the correct response: -9.25 -11.25 10.50 O 18.50

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter9: Counting And Probability
Section9.4: Expected Value
Problem 15E: A Game of Chance A box contains 100 envelopes. Ten envelopes contain $10 each, ten contain $5 each,...
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A game is played as follows. You pay P20 to a play. A coin is flipped four times. If four tails or four heads are obtained, you
get your P20 back plus P50 more. Otherwise, you will lose your P20. What is the mathematical expectation?
Select the correct response:
-9.25
-11.25
10.50
18.50
Transcribed Image Text:A game is played as follows. You pay P20 to a play. A coin is flipped four times. If four tails or four heads are obtained, you get your P20 back plus P50 more. Otherwise, you will lose your P20. What is the mathematical expectation? Select the correct response: -9.25 -11.25 10.50 18.50
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