-- Aug 30 In-Class Exercise Thread
Birthday is 6th
P(H)= 1/6 P(T)=5/6
State Space ={Heads, Tails}
Random Variable
X[Heads] = 5
X[Tails] = 1
Expected Value = 5 *1/6 + 1*5/6 = 10/6 = $1.66
(
Edited: 2017-08-30)
Birthday is 6th
P(H)= 1/6 P(T)=5/6
State Space ={Heads, Tails}
Random Variable
X[Heads] = 5
X[Tails] = 1
Expected Value = 5 *1/6 + 1*5/6 = 10/6 = $1.66