A game of chance I have a little bet to off er you. Toss a

Chapter 7, Problem 7.24

(choose chapter or problem)

A game of chance I have a little bet to off er you. Toss a coin 10 times. If there is no run of three or more straight heads or tails in the 10 outcomes, Ill pay you $2. If there is a run of three or more, you pay me just $1. Surely you will want to take advantage of me and play this game? Is it to your advantage to play? Design and carry out a simulation to help you answer this question.

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