Heads
Tails
Tails
Tails
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Tails
Heads
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Can you PLEASE help me with this problem:Suppose a fair coin is flipped twice and the following payoffs are assigned to each of the 4 possible outcomes: H-H:win20; H-T: win 9; T-H:lose 7; T-T: lose 16what is the ecepected value of the gamble?What is the probablity of each event?Is the gamble fair?
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They are just used to make equations and make more things like more equations and estimates!Theoretical Probability: P(event) the ratio of the number of favorable outcomes to the number of possible outcomes, written as a ratio.example: number of favorable outcomes over number of possible outcomesAmelynn is hungry, so she gets out a bowl and puts in 2 red jelly beans, 3 blue jelly beans, 12 pink jelly beans, and 3 yellow jelly beans. Amelynn likes the pink ones the best. What is the theoretical possibility of her getting a pink jelly bean?Answer: 12 over 20. (or 3 over 5 [simplest form])Explanation: Amelynn put 20 jelly beans in the bowl. She wants the pink ones, andthere are 12 pink jelly beans, which are the favorable outcomes. There are 20 jelly beans, and these are the possible outcomes. This means that it is 12 over 20. You might have to put this in simplest form as well. also this is 60% total.******************************************************************************************Experimental Probability: The number of times the outcome occurs compared to the total number of trials.example: number of favorable outcomes over total number of trials.Amelynn is flipping a coin. She finished the task one time, then did it again. Here are her results: heads: three times and tails: seven times. What is the experimental probability of the coin landing on heads?Answer: 3/10Explanation: Amelynn flipped the coin a total of 10 times, getting heads 3 times. Therefore, the answer is: 3/10 or 30%Theoretical probability ... a coin has 2 sides so the theoretical probability of flipping a coin and getting heads is 1/2.Experimental probability... flip a coin 10 time and you get 7 heads so the experimental probability of getting heads is 7/10
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