You are given 4 to 1 odds against tossing 2 tails and in 2 tosses of a fair coin. This means that you win $4 if you succeed and you lose $1 if you fail. Find the expected value(toyou) of the game. Round to nearest cent.

Answer 1

The probabality of winning is .2
the probabality of losing is .8

expected value= .2*4+.8(-1)

Answer 2

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