Calculate binomial probabilities and the expected value of a repeated coin game.

Calculate binomial probabilities and the expected value of a repeated coin game.

10 marks
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The probability of obtaining heads on a biased coin is \(\frac13\).

  1. Sammy tosses the coin three times. Find the probability of getting[5]
    1. three heads;
    2. two heads and one tail.
  2. Amir plays a game in which he tosses the coin 12 times.[5]
    1. Find the expected number of heads.
    2. Amir wins \( \$10\) for each head obtained, and loses \( \$ 6\) for each tail. Find his expected winnings.

Solution:

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Answer:In 12 tosses the expected counts are 4 heads and 8 tails, giving expected winnings \(4(10)-8(6)=-\$8\).

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