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A Friend of Yours Owes You $10,and He Wants to Flip

Question 88

Multiple Choice

A friend of yours owes you $10,and he wants to flip a coin for double or nothing.If the coin lands heads,he will pay you $20.If the coin lands tails up,he will pay you nothing.As the coin is in midair,what is your expected value of this wager?


A) $0
B) $10
C) $20
D) $30

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