The theory that higher-income taxpayers should be taxed less because their savings and investments stimulate the economy is know
1 answer:
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Answer:
$4
Explanation:
A geometric distribution is commonly known as a probability distribution that is used for the total number of Bernoulli trials computed till there is a successful trial. Therefore:
If X is the toss with the first head, then, it is a geometric distribution with p = 0.5. The payable amount (A) will be:
= (1+0.5)/(0.5)^2 = 1.5/0.25 = 6
If $10 is used to play the game, the loss will be 10-6 = $4 per game.