Question: A certain game involves tossing 3 fair coins, and it pays 8 for 3 heads, 6 for 2 heads, and 1 for 1 head. Is
A certain game involves tossing 3 fair coins, and it pays 8 for 3 heads, 6 for 2 heads, and 1 for 1 head. Is 6 a fair price to pay to play this game? That is, does the 6 cost to play make the game fair?
The 6 cost to play is or is not
a fair price to pay because the expected winnings are? enter your response here .....
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