Aperson tosses a fair coin until a tail appears for the first time. if the tail appears on the nth flip, the person wins

2n

dollars. let x denote the player’s winnings. show that

e[x]=+[infinity]

this problem is known as the st. petersburg paradox.

(a) would you be willing to pay $1 million to play this game once?

(b) would you be willing to pay $1 million for each game if you could play for as long as you liked and only had to settle up when you stopped playing?

b. 153 students do not participate in sports and seventy-five 12th graders were surveyed

all group life insurance is term insurance. actually it is annual renewable term and it is rated on the average age and claims experience of the entire group, which is called "experience rating." remember, this type of insurance has a 31-day grace period and is convertible to whole life upon leaving employment. a contributory group plan requires that both the employer and the employees pay part of the premium. at least 75% of those eligible must participate, so the group is sure to get most of the healthy employees as well as those that are sick.

step-by-step explanation:

c.)

step-by-step explanation: