If When a Coin Is Tossed the Observance of a Head

question 6

Multiple Choice

If when a coin is tossed the observance of a head rewards you with a dollar and the observance of a tail costs you fifty cents, how much would you expect to gain after twenty tosses?

• A)$5.00
• B)$7.50
• C)$10.00
• D)$15.00

---

Definitions:

Bell Peppers

Edible fruits of plants in the Capsicum genus, often used as vegetables in cooking for their mild flavor and vibrant colors.

Budget Constraint

The maximum range of goods and services a consumer is able to purchase, determined by their income and the cost of these goods and services.

Income

The money received by individuals or entities, typically in the form of wages, salaries, or various types of investments returns.

Opportunity Cost

The forfeiture of possible benefits from other options when a specific choice is made.