Three balanced coins are tossed independently. One of the variables of interest is Y1, the number of heads. Let Y2 denote the am
ount of money won on a side bet in the following manner.
If the first head occurs on the first toss, you win $1. If the first head occurs on toss 2 or on toss 3 you win $2 or $3, respectively. If no heads appear, you lose $1 (that is, win −$1)
a. Find the joint probability function for Y1 and Y2.
If the first head occurs on the first toss, you win $1. If the first head occurs on toss 2 or on toss 3 you win $2 or $3, respectively. If no heads appear, you lose $1 (that is, win −$1)
a. Find the joint probability function for Y1 and Y2.
1 answer:
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Answer:
1
Step-by-step explanation:
To simplify this, we can use foil:
- First: -2 × - 2 = 4
- Outside: -2 × √3 = -2√3
- Inside: -√3 × -2 = +2√3
- Last: -√3 × √3 = -3
From this, we get 4 - 2√3 + 2√3 - 3 which can be simplified to 1
Hope this helps!
