diff --git a/src/answers/coin100flipsgamble.tex b/src/answers/coin100flipsgamble.tex index f05cf32..5a9cb51 100644 --- a/src/answers/coin100flipsgamble.tex +++ b/src/answers/coin100flipsgamble.tex @@ -37,7 +37,7 @@ \end{center} The probability of interest is $P(Y>60 = 0.025)$ and thus the expected value of the gamble is \[ - \E(\text{Gamble}) = -1 + (10)(0.025) = 1 - 0.25 = -0.75 + \E(\text{Gamble}) = -1 + (10)(0.025) = -1 + 0.25 = -0.75 \text{.} \] On average you lose 75 pence for playing the game so it is not worthwhile.