You are playing a game which you flip 3 fair coins it costs

Reference no: EM13637159

You are playing a game which you flip 3 fair coins. It costs $2 to play the game, which must be subtracted from your winnings. Calculate the expected value for the game. If all coins show the same (all heads or all tails) you win $8, otherwise you lose your $2. The expected value of the game is $?

Reference no: EM13637159

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