Find the Expected Value

question 39

Multiple Choice

Find the expected value.
-A fair coin is tossed three times,and a player wins $3 if 3 tails occur,wins $2 if 2 tails occur and loses $3 if no tails occur.If one tail occurs,no one wins.What is the expected value of the games?

• A)$2.00
• B)-$3.00
• C)$3.00
• D)$0.75

Analyze the impact of cost changes on supply and demand.

Understand the concept of market equilibrium and how it is achieved.

Analyze the effects of government policies on market supply and demand.

Understand the impact of changes in consumer preferences on the demand curve.