Question

You play a game with two possible outcomes. Outcome A has probability 0.4 and outcome B has probability 0.6. When outcome B occurs, you win $2.00; otherwise, you lose $1.00. What is your expected value for this game

Answer 1

If I toss a fiar coin five times and the outcomes are TTTTT, then the probability that tails appears on the next toss is

a. 0.5

b. less than 0.5

c. greater than 0.5

d. 0

e. 1