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18 July, 04:09

A biased coin is flipped. The probability of getting heads is 80%. A player wins $2 each time he gets tails, and a game involves 10 tosses. What is the expected value of the money earned in a game?

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  1. 18 July, 06:02
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    The probability of getting tail in one toss is 100% - 80% = 20%

    In 10 tosses, the relative frequency to get tail is 0.2 * 10 = 2 times

    Expected value of money earn = 2 * $2 = $4
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