Illustrates an example of probability of coin willing to bet

Illustrates an example of probability of coin willing to bet?

E

Expert

Verified

You own a biased coin which will land heads up with probability p> ½. You get someone willing to bet any amount against you on events. They are willing to bet any no. of times. Obviously you can make much money along with this special coin.

   Related Questions in Financial Management

©TutorsGlobe All rights reserved 2022-2023.