Multiple Choice
You are offered a favorable bet on a coin toss, heads or tails. If you correctly call the result, you gain $20. If your call is incorrect, you lose $10. What is the expected value of information if you could perfectly predict the coin toss?
A) $5
B) $10
C) $15
D) $20
E) $7.50
Correct Answer:
Verified
Correct Answer:
Verified
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