Weighted coin that lands heads up
Someone has a weighted coin that lands heads up with a probability of 2/3 andtails up with aprobability of 1/3. If the coin comes up heads you pay $1 dollar ; if the coin comes up tails you receive $1.50. What is the expected value for this game?
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An industrial oven used to cure sand cores for a factory manufacturing engine blocks for small cars is able to maintain fairly constant temperatures.
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