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

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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?


Definitions:

Monoculture

The agricultural practice of growing a single crop species over a large area for a significant duration.

Interrelated Species

Different species that are connected or affect each other through various ecological interactions, such as predation, competition, or symbiosis.

Everything Connected

A concept referring to the interconnectedness of devices, systems, and services through the internet and other communication technologies.

Interdependent

Mutually reliant on each other; a situation where entities depend on one another for resources, support, or functioning.

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