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2 parents 7681314 + f31af78 commit 0c7aeb0Copy full SHA for 0c7aeb0
src/answers/coin100flipsgamble.tex
@@ -37,7 +37,7 @@
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\end{center}
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The probability of interest is $P(Y>60 = 0.025)$ and thus the expected value of the gamble is
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\[
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- \E(\text{Gamble}) = -1 + (10)(0.025) = 1 - 0.25 = -0.75
+ \E(\text{Gamble}) = -1 + (10)(0.025) = -1 + 0.25 = -0.75
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\text{.}
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\]
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On average you lose 75 pence for playing the game so it is not worthwhile.
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