Assume when a coin is tossed the observance of a head rewards you with a dollar and the observance of a tail costs you fifty cents. How much would you expect to gain after 20 tosses?
A) $5.00
B) $7.50
C) $10.00
D)$15.00

Name: Assume when a coin is tossed the observance of a head rewards you with a dollar and the observance of a tail costs you fifty cents. How much would you expect to gain after 20 tosses? A) $5.00 B) $7.50 C) $10.00 D)$15.00
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Question

Quizplus · Accepted Answer

Expected return = 20 × [($1 × .5) - (.50 × .5)] = $5.00

Assume When a Coin Is Tossed the Observance of a Head