What Is the Maximum Gain After Two Coin Tosses for a Person

question 77

Multiple Choice

What is the maximum gain after two coin tosses for a person who starts with $1 if the occurrence of a head produces a 50% gain while the occurrence of a tail produces a 50% loss?

• A) $1.00
• B) $1.25
• C) $1.75
• D) $2.25

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Definitions:

Fictitious Invoices

A method of fraud involving invoices for goods or services that were never received or provided.