It costs $100 to enter the following game of chance based on the outcome of a coin toss (fair coin). If the coin comes up 'heads,' you walk away with $125. However, if the coin comes up 'tails,' you walk away with $55. What is the expected return on this gamble?

Answer rating: 100% (QA)

To calculate the expected return on this gamble you need to consider the pro... View the full answer