Question

You play a game where you are given 2 dollars. Then you flip a coin. If it’s heads, you double your money. If it’s tails, the game ends and you walk away with your money. How much are you willing to pay to play?

Answer 1

Answer with explanation:

→Probability of getting head when you toss a coin once $=\frac{1}{2}$

                =50%

Probability of getting tail when you toss a coin once $=\frac{1}{2}$

                =50%

So, probability of winning as well as loosing is 50%.

→Money provided for playing the game =$ 2

→As it is given that, when a coin is flipped once , if head appears you double your money and if it is tail you walk away with your money.

→As losing cost me nothing ,that is still i am gettng $ 2, so i will go with the toss .

Answer 2

Answer:

on khan Academy the first answer is 0.19. sec one is 0.38. then play game 2 all 30 times witch for me is B

Step-by-step explanation: