Consider the following scenario when answering the following questions:
Ivett and Desiree are considering playing a game called Matching Fifties.In this game,Ivett and Desiree will each place a $50 bill on the table.Both players will then toss a fair coin.If both Ivett and Desiree toss heads or if they both toss tails,Ivett wins the $100 on the table.If one woman tosses heads and the other tosses tails,Desiree wins the $100 on the table.
-For each player,the expected value of this game is
A) $0.
B) $25.
C) $50.
D) $100.
E) $200.

Question

Quizplus · Accepted Answer

The expected value for each player is $0 because the game is fair and symmetric. Each player has an equal chance of winning or losing $50, making the expected value of their participation in the game $0.

Consider the Following Scenario When Answering the Following Questions