Consider a single toss of a fair coin, and define X as the number of heads that
Question:
Consider a single toss of a fair coin, and define X as the number of heads that come up on that toss. Then X can be 0 or 1, with a probability of 50 %.
The expected value of X is 1/2 . Can we “expect” to get 1/2 a head when we toss the coin? If not, how should we interpret the concept of the expected value?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Statistics For Business And Financial Economics
ISBN: 9781461458975
3rd Edition
Authors: Cheng Few Lee , John C Lee , Alice C Lee
Question Posted: