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A Friend of Yours Owes You $10,and He Wants to Flip

question 88

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A friend of yours owes you $10,and he wants to flip a coin for double or nothing.If the coin lands heads,he will pay you $20.If the coin lands tails up,he will pay you nothing.As the coin is in midair,what is your expected value of this wager?


Definitions:

Binges

Episodes of excessive indulgence in activities such as eating, drinking, or shopping, typically seen in context with disorders or as occasional behavioral excesses.

Purges

The act of removing or eliminating unwanted things, people, or memories, often in a forceful or cleansing manner.

Binge Drinking

The consumption of an excessive amount of alcohol in a short period of time, typically leading to acute intoxication.

Malnourished

A state of poor nutrition caused by having too little food or an unbalanced diet lacking in essential nutrients.

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