Jason G. answered • 09/26/22
Tutor
New to Wyzant
AP Statistics Teacher for 10+ years
E(X) = -12.50 meaning you are expected to lose $12.50 each time you place this bet.
Jordyn C.
asked • 09/26/22What is the Expected Value of the bet below? Flip a coin two times. If it's "heads" both times, you win $100. Any other outcome (other than heads-heads), you lose $50.
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