You flip four fair coins and win $1 per head, and may re-flip a single coin of your choice. Playing rationally, what is your expected profit?
Unlock detailed company stats for this questionUpgrade
Community answers
No answers contributed by the community yet.
Related questions
Flip four fair coins and win $1 for each head. You may flip the tails again once. What is the expected value of the game?Four fair coins pay $1 per head. You may re-flip all four once but must keep the second result. What is the game worth?Two players reveal coins: both heads you win 3, both tails you win 1, a mismatch you lose 2. What is your best strategy and expected profit?Related courses

Course

Course