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Consider the following random experiment: we toss a two-sided coin (H on one side and on the other side) n = 3616 imes. In any given toss, the probability the coin comes up H is p = P(H) = 0.3. Each time the coin comes up H we give om 2 dollars and each time the coin comes up T we take from Tom 1 dollar (so Tom either gets 2 or gets -1, i.e., oses 1 dollar).

Consider the following random experiment: we toss a two-sided coin (H on one side and on the other side) n = 3616 imes. In any given toss, the probability the coin comes up H is p = P(H) = 0.3. Each time the coin comes up H we give om 2 dollars and each time the coin comes up T we take from Tom 1 dollar (so Tom either gets 2 or gets -1, i.e., oses 1 dollar).

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Consider the following random experiment: we toss a two-sided coin (H on one side and T on the other side) n = 3616 times. In any given toss, the probability the coin comes up H is p = P(H) = 0.3. Each time the coin comes up H we give Tom 2 dollars and each time the coin comes up T we take from Tom 1 dollar (so Tom either gets 2 or gets -1, i.e., loses 1 dollar). How many dollars do we expect Tom will get on "average", i.e., per experiment?
Transcribed Image Text:Consider the following random experiment: we toss a two-sided coin (H on one side and T on the other side) n = 3616 times. In any given toss, the probability the coin comes up H is p = P(H) = 0.3. Each time the coin comes up H we give Tom 2 dollars and each time the coin comes up T we take from Tom 1 dollar (so Tom either gets 2 or gets -1, i.e., loses 1 dollar). How many dollars do we expect Tom will get on "average", i.e., per experiment?
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