Question

If you throw exactly two heads in two tosses of a coin you win $36. If not, you pay me $16.

Find the expected value of the proposition. Round your answer to two decimal places. Losses must be expressed as negative values.

Answer 1

so the odds of getting a heads is 50 percent and the odds of doing it again is 25 percent so for example if you did this 4 times your would make -12 dollars