Suppose you play a coin toss game in which you win $1 if a head appears and lose $1 if a tail appears. In the first 100 coin tosses, heads comes up 42 times and tails comes up 58 times.

Percentage of heads = 42 %

Net loss = $16

Step-by-step explanation:

Given:

Total number of tosses = 100

Number of heads come = 42

Number of tails come = 58

Find:

Percentage of heads

Net loss

Computation:

Percentage of heads = Number of heads come / Total number of tosses

Percentage of heads = 42 / 100

Percentage of heads = 42 %

Net loss = 58(1) - 42(1)

Net loss = $16

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