How much to win or lose if one heads appear for game to fair
The coin is tossed 3 times. Assume you lose $3 if 3 heads appear, lose $2 if 2 heads appear, and win $3 if 0 heads appear. How much must you win or lose if one heads appears for game to be fair.
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The average cost of living for a family of 4 in twelve different cities was found to be $65,351 with a standard deviation of $7711. In dollars, what is a 90% confidence interval for the true mean, m?
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Assume you lose $3 if 3 heads appear, lose $2 if 2 heads appear, and win $3 if 0 heads appear. How much must you win or lose if one heads appears for game to be fair.
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