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  1. J

    -30 or 270???

    QUESTION: In a game two unbiased coins are tossed. A player outlays $30 and if both coins show tails the player is paid $48, if both coins show heads the player is paid $60 - What is the expected return from $300 for this game? My working goes as follows: 300 divided by 30 = 10 games (1/4x48)...
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