Suppose you are a casino owner, and your casino runs a very simple game of chance. The dealer flips a coin. The customer wins $9 from the casino if it comes up heads and loses $10 if it comes up tails. Question 1. Assuming no one is cheating and the coin is fair, if a customer plays twice, what is the chance they make money?
Accepted Solution
A:
Answer:Step-by-step explanation:The outcome of the game isToss 1 Toss 2 ResultH H 18H T -1T H -1T T -20His only winning position is H ---- HThat means he has only a 1/4 chance in winning. He shouldn't play at all. It might be a fair coin, but it is not a fair game.