If you flip a coin and get heads you win $8 but if you flip tails you get nothing. How
much money can you expect to win on average?

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Answer:

$4 on average

Step-by-step explanation:

A fair coin has a 50/50 chance of being heads/tails.

You have a 50% chance to get heads and win $8.

If you flip the coin twice then it is likely you get heads once and tails once. So, on average, $8 divided by 2 flips = $4.