# Answer on Statistics and Probability Question for Stilla

Question #45606

1. (a) A player tosses 3 fair coins. He wins Rs.500 if 3 heads appear, Rs.300 if 2 heads appear, Rs.100 if 1 head occurs. On the other hand, he loses Rs.1500 if 3 tails occur. Find the expected gain of the player and variance.

Expert's answer

Need a fast expert's response?

Submit orderand get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

## Comments

## Leave a comment