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Problem
A fair coin is tossed twice. You earn Rs 3 for every head that appears and nothing for a tail. After observing that the first toss is a head, what is your expected total earning from the two tosses? a)
Rs
3
\text{Rs }3
Rs
3
b)
Rs
6
\text{Rs }6
Rs
6
c)
Rs
4.5
\text{Rs }4.5
Rs
4.5
d)
Rs
3.5
\text{Rs }3.5
Rs
3.5
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