Your friend proposes a game: You flip a coin. If it’s heads, you win $1. If it’s tails, you lose $1. However, you are worried the coin might not be a fair coin. How could you change the game to make the game fair, without replacing the coin?

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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Your friend proposes a game: You flip a coin. If it’s heads, you win $1. If it’s tails, you
lose $1. However, you are worried the coin might not be a fair coin. How could you
change the game to make the game fair, without replacing the coin?

 

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