justine is paid 20 pesos whenever the results of tossing two coins are both heads but pays 10 pesos whenever the results are not both heads. what is her expected gain per toss?
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20 pesos whenever the results of tossing two coins are both heads but pays 10 pesos whenever the results are not both heads.
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Given; that Justine is paid 20 pesos whenever the results of tossing two coins are both heads but pay 10 pesos whenever the results are not both heads.
.To Find; her expected gain per toss
Solution; It is given that Justine is paid 20 pesos whenever the results of tossing two coins are both heads but pays 10 pesos whenever the results are not both heads
Payment for both heads = 20
Payment for one head and one tail = 10
Hence he will at least get 10 pesos
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