In a certain carnival game, a player pays $1 and then tosses a fair coin until either

Question:

In a certain carnival game, a player pays $1 and then tosses a fair coin until either a heads occurs or he has tossed the coin four times. He receives 50 cents for each toss. Determine the probability for the experiment of playing the game and observing the player's earnings.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...