What Is the Expected Value of a $100 Bet on a Flip

question 34

Essay

What is the expected value of a $100 bet on a flip of a fair coin, where heads pays double and tails pays zero?

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Definitions:

Citizen involvement

The active participation of individuals in the decision-making processes within their community or country.

Governmental control

The methods and strategies used by a government to regulate and direct the economy, public and private institutions, and society.

Constituents

Individuals or groups who have a vested interest in the outcomes of a certain organization, project, or policy.

Types of media

Various forms of communication channels, including print media, broadcast media, digital media, and social media.