Answer:
In the long run, ou expect to lose $4 per game
Step-by-step explanation:
Suppose we play the following game based on tosses of a fair coin. You pay me $10, and I agree to pay you $n^2 if heads comes up first on the nth toss.
Assuming X be the toss on which the first head appears.
then the geometric distribution of X is:
X
geom(p = 1/2)
the probability function P can be computed as:

where
n = 1,2,3 ...
If I agree to pay you $n^2 if heads comes up first on the nth toss.
this implies that , you need to be paid 

![\sum \limits ^{n}_{i=1} n^2 P(X=n) =Var (X) + [E(X)]^2](https://tex.z-dn.net/?f=%5Csum%20%5Climits%20%5E%7Bn%7D_%7Bi%3D1%7D%20n%5E2%20P%28X%3Dn%29%20%3DVar%20%28X%29%20%2B%20%5BE%28X%29%5D%5E2)
∵ X
geom(p = 1/2)








Given that during the game play, You pay me $10 , the calculated expected loss = $10 - $6
= $4
∴
In the long run, you expect to lose $4 per game
Answer:
-1.409
Step-by-step explanation:
I’m assuming this a z-score for stats. You would just go into your calculator, in my case a Casio. Then, you’d press on the stats module, click F5 (DIST), F1 (NORM), F3 (InvN). You would change the data to variable, then put in tail right, area .9207, SD 1, mean of 0. Then hit execute and you’ll get the answer of -1.4097958. Round it if needed.
That’s correct, as you’re reversing the positive on both sides for that number. Nice!