Question

A certain game involves tossing 3 fair coins, and it pays 19 cents for 3 heads, 9 cents for 2 heads, and 3 cents for 1 head. Is 9 cents a fair price to play this game? That is, does the 9 cents cost to play the game fair.

Answer 1

No, it is not fair.

Explanation:

You are paying to play a game that may not go your way. No matter what the coin has a 50% chance of going your way.