Suppose you play a coin toss game in which you win $1 if a head appears and lose $1 if a tail appears. In the first 100 coin
tosses, heads comes up 42 times and tails comes up 58 times.
1 answer:
Answer:
Percentage of heads = 42 %
Net loss = $16
Step-by-step explanation:
Given:
Total number of tosses = 100
Number of heads come = 42
Number of tails come = 58
Find:
Percentage of heads
Net loss
Computation:
Percentage of heads = Number of heads come / Total number of tosses
Percentage of heads = 42 / 100
Percentage of heads = 42 %
Net loss = 58(1) - 42(1)
Net loss = $16
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