I will flip two coins if both coins come up tails I will pay you 6$ If one shows heads and one shows tails you will pay me $2 If both coins come up heads we will call it a draw What is your expectation for this game ?

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Q: e fair?

A: given, charge: 2 pesos The game is considered to be fair if E(X) = 0

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A: Expected profit    E(x) = Σx.P(x)

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A: Image is attached with detailed solution.

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A: Hi! Thank you for the question, As per the honor code, we are allowed to answer one question at a…

Q: Suppose you toss a coin and will win $1 if it comes up heads. If it comes up tails, you toss again.…

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