A person has only a coin. He wants to earn money. So, he played a betting game with 504

people. He set the rule that if you toss a coin it comes out as a tail you pay him $10, or else he pays $10

and another chance to toss the coin again. If you are able to get a head a second time you get $10 more else you do not need to pay anything to him. Unfortunately, his coin is not fair, and its head probability is 0.57. What is his loss\profit?

asked by guest
on Oct 06, 2024 at 1:15 am



Mathbot Says...

I wasn't able to parse your question, but the HE.NET team is hard at work making me smarter.


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