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Mathematics, 14.07.2020 20:01 dbrwnn
(20 points). Lucy offers to play the following game with Charlie: "Let us show dimes to each other, each choosing either heads or tails. If we both show heads, I pay you $3. If we both show tails, I pay you $1. If the two don’t match, you pay me $2." Charlie reasons as follows. "The probability of both heads is 1/4, in which case I get $3. The probability of both tails is 1/4, in which case I get $1. The probability of no match is 1/2, and in that case I pay $2. So it is a fair game." Is
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(20 points). Lucy offers to play the following game with Charlie: "Let us show dimes to each other,...
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