A fair game is where the expected winning is zero. Suppose the game is played where you flip a coin: if the result is Head you win $100; if tails you lose $100. Let X = your winnings. Is this a fair game? Note: A lose is a negative win. Yes No Cannot tell

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter12: Probability
Section12.CR: Chapter 12 Review
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STATISTICS AND PROBABILITY (UPVOTE WILL BE GIVEN. PLEASE WRITE THE COMPLE SOLUTIONS LEGIBLY. NO LONG EXPLANATION NEEDED.)
Question 19
A fair game is where the expected winning is zero. Suppose the game is played where you flip a
coin: if the result is Head you win $100; if tails you lose $100. Let X = your winnings. Is this a fair
game? Note: A lose is a negative win.
Yes
No
O Cannot tell
Transcribed Image Text:Question 19 A fair game is where the expected winning is zero. Suppose the game is played where you flip a coin: if the result is Head you win $100; if tails you lose $100. Let X = your winnings. Is this a fair game? Note: A lose is a negative win. Yes No O Cannot tell
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