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You are given 6 to 5 odds against tossing three tails with three​ coins, meaning you...

You are given 6 to 5 odds against tossing three tails with three​ coins, meaning you win ​$6 if you succeed and you lose ​$5 if you fail. Find the expected value​ (to you) of the game. Would you expect to win or lose money in 1​ game? In 100​ games? Explain. Find the expected value​ (to you) for the game.

math   Statistics-And-Probability   
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Answer #1

Ans) Given that pl getting 3 fails) = 4 i el not getting a tails) = 1-1/2 = // U CCT SS You win $6 if you succeed and you loo= -362.5 = $362-5 You will loose $362-5 in loo games, ... The expected value for the game is -3.625 =

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