Rick just walked into a casino in Palm Springs and he sees a game that he really likes. He likes the game so much he is ready to risk $1,000 dollars to play the game. THe game requires him to flip HEADS on a coin five times in a row. If he can do it, the casino is offering him $25,000 from the $1000 he risked. Decide if this is a good deal or bad deal for Rick, based on the rules of probability. If it is a bad deal, you must determine how much Rick is getting ripped off by. You must be as clear as possible in your explanation. Hopefully you realize by now that gambling is not a winning proposition.
PLEASE HELP ME SOLVE THIS QUESTION PLEASE!!
PLEASE SHOW AS MUCH WORK AS POSSIBLE!?!