You are given 3 to 2 odds against tossing three heads with three? coins, meaning you win ?$3 if you succeed and you lose ?$2 if you fail. Find the expected value? (to you) of the game. Would you expect to win or lose money in 1? game? In 100? games? Explain.

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The probability of tossing 1 head is 12 The probability of tossing 3 heads with 3 coins 1... View the full answer