Question

If you flip a coin and get heads you win $8 but if you flip tails you get nothing. How

much money can you expect to win on average?

Answer 1

$4 on average

Explanation:

A fair coin has a 50/50 chance of being heads/tails.

You have a 50% chance to get heads and win $8.

If you flip the coin twice then it is likely you get heads once and tails once. So, on average, $8 divided by 2 flips = $4.