Two coins in a fountain. You pay Si for two coins to toss in a fountain and see how they land. If you see two tails, then you receive $3; otherwise you lose. What is the expected value of this game? Is there one single possible outcome whereby you would actually gain or lose the exact amount computed for the expected value? If not, then why is the expected value expected?
Two coins in a fountain. You pay Si for two coins to toss in a fountain and see how they land. If you see two tails, then you receive $3; otherwise you lose. What is the expected value of this game? Is there one single possible outcome whereby you would actually gain or lose the exact amount computed for the expected value? If not, then why is the expected value expected?
Two coins in a fountain. You pay Si for two coins to toss in a fountain and see how they land. If you see two tails, then you receive $3; otherwise you lose. What is the expected value of this game? Is there one single possible outcome whereby you would actually gain or lose the exact amount computed for the expected value? If not, then why is the expected value expected?
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Discrete Distributions: Binomial, Poisson and Hypergeometric | Statistics for Data Science; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=lHhyy4JMigg;License: Standard Youtube License