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Merged
dwcoder merged 1 commit into from
Feb 14, 2019
Merged

Update coin100flipsgamble.tex #1

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2 changes: 1 addition & 1 deletion src/answers/coin100flipsgamble.tex
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Expand Up @@ -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.
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