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A Carnival Has a Game of Chance: a Fair Coin

Question 92

Multiple Choice

A carnival has a game of chance: a fair coin is tossed. If it lands heads you win $1.00, and if it lands tails you lose $0.50. How much should a ticket to play this game cost if the carnival wants to break even?


A) $0.25
B) $0.50
C) $0.75
D) $1.00

Correct Answer:

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