Ou are given 6 to 1 odds against tossing three heads with three coins, meaning you win $6 if you succeed and you lose $1 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.

EV = $-0.125

For one game, the outcome cannot be predicted, even though you are more likely to lose money.

For 100 games, you are expected to lose about $12.50

Explanation:

Expected value is the sum of the product of all possible outcomes by their payouts. In this case, there are only 2 possible outcomes. You either win by tossing 3 three heads with three coins or lose.

The probability of winning (P(w)) is:

Therefore, the probability of losing (P(l)) is:

The expected value (EV) for the game is:

For one game, the outcome cannot be predicted, even though you are more likely to lose money than win. As for 100 games, since the expected value is negative, you are expected to lose money (about $12.50).

hi noah!

the first time you break a rule, you get a warning.

if you continue to break rules you get kicked out for a certain amount of time.

so, to answer your question 1.

hope this buddy!

- courtney

consumer credit. an advantage is that it allows consumers to afford expensive goods and services now, increasing their standard of living. however, a disadvantage is that it creates a trap for debt, if people do not have self control, they may see themselves filing personal bankruptcy.