A player tosses two coins. He wins Rs. 1 if 1 head appears, Rs. 2 if 2 heads appear. But he loses Rs. 3 if…

A player tosses two coins. He wins Rs. 1 if 1 head appears, Rs. 2 if 2 heads appear. But he loses Rs. 3 if no head appears. The mean of the prized money is
  1. $\frac{1}{2}$
  2. $\frac{1}{3}$
  3. $\frac{1}{4}$
  4. $\frac{1}{5}$

Solution

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Asked in: AP EAMCET 2017 (25 Apr Shift 1)

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