Let's say you are about to play a new game at a casino. The way the game works is that you flip an unfair coin twice. (A picture of an unfair coin is shown below) You win $1 for each flip that is heads for a minimum of $0 and a maximum of $2. The probability that the coin is heads is 0.7. Answer the following questions. (Hint: Notice this problem is about flipping a coin twice and recording the number of heads) What is the expected amount of money won when playing this game? What distribution is described by this problem? (Geometric, binomial, or neither)

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Let's say you are about to play a new game at a casino. The way the game works is that you flip an unfair coin twice. (A picture of an unfair coin is shown below) You win $1 for each flip that is heads for a minimum of $0 and a maximum of $2. The probability that the coin is heads is 0.7. Answer the following questions. (Hint: Notice this problem is about flipping a coin twice and recording the number of heads) What is the expected amount of money won when playing this game? What distribution is described by this problem? (Geometric, binomial, or neither)
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