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A casino offers a new game, flippin money. You pay $11 to play the game. After you pay your $11, a fair coin is flipped up to 20 times. You then receive a payout equal to the number of times the coin comes up with heads. What is the probability distribution of the payout? Explain. Find the mean, variance, median, and mode of the payout.

A casino offers a new game, flippin money. You pay $11 to play the game. After you pay your $11, a fair coin is flipped up to 20 times. You then receive a payout equal to the number of times the coin comes up with heads. What is the probability distribution of the payout? Explain. Find the mean, variance, median, and mode of the payout.

 

 

 

 

 

 

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