Question: Sandhill made a friendly wager with a colleague that involves the result from flipping a coin. If heads comes up, Sandhill must pay her colleague

 Sandhill made a friendly wager with a colleague that involves the

Sandhill made a friendly wager with a colleague that involves the result from flipping a coin. If heads comes up, Sandhill must pay her colleague $17; otherwise, her colleague will pay Sandhill $17. What is Sandhill's expected cash flow, and what is the variance of that cash flow if the coin has an equal probability of coming up heads or tails? (Round answers to 2 decimal places, e.g. 52.75.) Expected cash flow $ Cash flow variance Suppose Sandhill's colleague is willing to handicap the bet by paying her $22 if the coin toss results in tails. If everything else remains the same, what are Sandhill's expected cash flow and the variance of that cash flow? Expected cash flow $ Cash flow variance

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