Math Help Forum

Math Help Forum Feed Site Feed

Go Back   Math Help Forum > Pre-University Math Help > Basic Statistics and Probability
Reply
 
Thread Tools Display Modes
  #1  
Old November 2nd, 2009, 04:32 PM
Newbie
 
Join Date: Sep 2009
Posts: 9
Thanks: 0
Thanked 0 Times in 0 Posts
sweeetcaroline is on a distinguished road
Default Probability House vs. Player

Consider the following game: You pay $1 to play the game. You toss a fair coin until a tail is tossed. The payoff is $1 for each consecutive head that you toss. (example: If you toss HHHT, you win $3. If you toss T, you win nothing). Does this game favor the house of the player? Justify answer.

Please help! I'm not really sure where to even start.
Reply With Quote
Advertisement
 
  #2  
Old November 4th, 2009, 02:23 PM
Junior Member
 
Join Date: Oct 2009
Posts: 65
Thanks: 13
Thanked 6 Times in 5 Posts
statmajor is on a distinguished road
Default

Start by finding the probability of getting 1 head in a row; 2 heads in a row; 3 heads in a row; 4 heads in a row. What do you notice?
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off
Forum Jump


All times are GMT -7. The time now is 04:16 PM.


Powered by vBulletin® Version 3.7.3
Copyright ©2000 - 2009, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.2.0 ©2008, Crawlability, Inc.
©2005 - 2009 Math Help Forum


Math Help Forum is a community of maths forums with an emphasis on maths help in all levels of mathematics.
Register to post your math questions or just hang out and try some of our math games or visit the arcade.