Jac tosses an unbiased coin. If the coin lands with head up on each toss, he wins Php50. However, if it lands with tail up, he loses Php60. If he continues to play the game, how much can he expect to win or lose?

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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4. Jac tosses an unbiased coin. If the coin lands with head up on each toss, he wins
Php50. However, if it lands with tail up, he loses Php60. If he continues to play the
game, how much can he expect to win or lose?
5. You are in a carnival and yoU saw a game. The rule says that the outcome in the
game is a random variable from 1 to 14 and if the outcome is even, you win Php50.
If the outcome is odd, you win nothing. If you play the game, what is the expected
gain if there is any?
Transcribed Image Text:4. Jac tosses an unbiased coin. If the coin lands with head up on each toss, he wins Php50. However, if it lands with tail up, he loses Php60. If he continues to play the game, how much can he expect to win or lose? 5. You are in a carnival and yoU saw a game. The rule says that the outcome in the game is a random variable from 1 to 14 and if the outcome is even, you win Php50. If the outcome is odd, you win nothing. If you play the game, what is the expected gain if there is any?
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