You win $4 if you flip a coin twice and get tails both times. For any other outcome you get nothing. What is the expected value?

Question

anonymous · Answer

Try to work this using the method I gave you on the other problem and tell me what you come up with.

anonymous · Answer

the method you gave me on the other one gave me the wrong answer because 1.75 was not an answer choice

anonymous · Answer

i tried and got 1.00

anonymous · Answer

expected value is amount you win times probability you win it.

anonymous · Answer

you win $4 with probability 
$$\frac{1}{4}$$ so expected value is 1

anonymous · Answer

@Satellite, can you check the other one and see if my math is screwy somewhere?

anonymous · Answer

so im right