Answer
$1.50
Work Step by Step
Both events are equally likely, as it is a fair coin toss.
$2\times0.5 + 1\times0.5 = 1.50$
The expected value of the coin toss is $1.50.
College Algebra 7th Edition
by Stewart, James; Redlin, Lothar; Watson, Saleem
Published by
Brooks Cole
ISBN 10:
1305115546
ISBN 13:
978-1-30511-554-5
Chapter 9, Counting and Probability - Section 9.4 - Expected Value - 9.4 Exercises - Page 679: 3
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