Math Problem Statement
you flip a coin 3 times. each time you get head you get 5 coins, tale you pay 2 coins, and every flip you pay a coin. caluculate the expected value and the variance of the revenue
Solution
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Math Problem Analysis
Mathematical Concepts
Probability Theory
Expected Value
Variance
Formulas
Expected Value formula
Variance formula
Theorems
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Suitable Grade Level
Advanced High School
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