Exercise 16.3

A fair coin is tossed four times, and a person win Rs 1 for each head and lose Rs 1.50 for each tail that turns up. From the sample space calculate how many different amounts of money you can have after four tosses and the probability of having each of these amounts.

When a coin is tossed the possible outcomes are either a Head $\left( H \right)$ or Tail $\left( T \right)$. Here, coin is tossed four times then the sample space contains, $S{\text{ }} = {\text{...

read more