Mathematics, 09.04.2021 17:30 erichenkell2280

A certain game involves tossing 3 fair coins, and it pays 16€ for 3 heads, 8c for 2 heads, and 5ę for 1 head. Is 8¢ a fair price to pay to play this game? That is, does the 8c cost to play make the game fair?
The 8c cost to play a fair price to pay because the expected winnings are e
(Type an integer or a fraction. Simplify your answer.)

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A certain game involves tossing 3 fair coins, and it pays 16€ for 3 heads, 8c for 2 heads, and 5ę fo...