Calculate the expected value of a game in which a player tosses 2 distinguishable coins. The player wins $25 if two heads appear, wins $10 if 1 head appears and loses $55 if two tails appear.  a. Create a probability distribution for this game and then determine the expected value. b. What is the probability of playing the game once and losing $2.5?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.6: Permutations
Problem 31E
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Calculate the expected value of a game in which a player tosses 2 distinguishable coins. The player wins $25

if two heads appear, wins $10 if 1 head appears and loses $55 if two tails appear.

 a. Create a probability distribution for this game and then determine the expected value.

b. What is the probability of playing the game once and losing $2.5?

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