You are given 5 to 4 odds against tossing three heads heads with three coins, meaning you win $5 if you succeed and you lose $4 if you fail. find the expected value (to you) of the game. would you expect to win or lose money in 1 game? in 100 games? explain. find the expected value (to you) for the game.- $ (type an integer or a decimal rounded to the nearest hundredth as needed.)

$-2.875 in 1 game

$-287.5 in 100 games

Step-by-step explanation:

As the probability of getting head in tossing a fair coin is 0.5, the probability of getting 3 heads with 3 coins is 0.5*0.5*0.5 = 0.125

So you have a 0.125 chance of winning and 0.875 chance of losing a game

The expected value for 1 game would be

0.125*5 - 0.875*4 = -2.875

On average you would be losing 2.875  per game. In 100 games you should expect to lose 287.5 dollar

the answer is 24

step-by-step explanation: