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    Odds of winning

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    You are given 9 to 1 odds at tossing 3 heads in a row with three coins; meaning you win $9 if you succeed and lose $1 if you fail.

    a) Find the expected value (to you) of the game.

    b) If you play one game would you expect to win or lose the game? Explain.

    c) What about if you play 100 games?

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    Solution Preview

    Thanks for requesting me!

    a) Find the expected value (to you) of the game

    Expected value = 9*P(HHH) - ...

    Solution Summary

    This solution determines the odds of winning in the given scenarios.