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?© BrainMass Inc. brainmass.com October 10, 2019, 5:22 am ad1c9bdddf
Thanks for requesting me!
a) Find the expected value (to you) of the game
Expected value = 9*P(HHH) - ...
This solution determines the odds of winning in the given scenarios.