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Asked by Vibha Last Modified
Answer 
Nurullmobeen
Since the coin is tossed four times, there can be a maximum of 4 heads or tails.
When 4 heads turns up, 
is the gain.
When 3 heads and 1 tail turn up, Re 1 + Re 1 + Re 1 – Rs 1.50 = Rs 3 – Rs 1.50 = Rs 1.50 is the gain.
When 2 heads and 2 tails turns up, Re 1 + Re 1 – Rs 1.50 – Rs 1.50 = – Re 1, i.e., Re 1 is the loss.
When 1 head and 3 tails turn up, Re 1 – Rs 1.50 – Rs 1.50 – Rs 1.50 = – Rs 3.50, i.e., Rs 3.50 is the loss.
When 4 tails turn up, – Rs 1.50 – Rs 1.50 – Rs 1.50 – Rs 1.50 = – Rs 6.00, i.e., Rs 6.00 is the loss.
There are 24 = 16 elements in the sample space S, which is given by:
S = {HHHH, HHHT, HHTH, HTHH, THHH, HHTT, HTTH, TTHH, HTHT, THTH, THHT, HTTT, THTT, TTHT, TTTH, TTTT}
∴n(S) = 16
The person wins Rs 4.00 when 4 heads turn up, i.e., when the event {HHHH} occurs.
∴Probability (of winning Rs 4.00) =
The person wins Rs 1.50 when 3 heads and one tail turn up, i.e., when the event {HHHT, HHTH, HTHH, THHH} occurs.
∴Probability (of winning Rs 1.50) =
The person loses Re 1.00 when 2 heads and 2 tails turn up, i.e., when the event {HHTT, HTTH, TTHH, HTHT, THTH, THHT} occurs.
∴Probability (of losing Re 1.00)
The person loses Rs 3.50 when 1 head and 3 tails turn up, i.e., when the event {HTTT, THTT, TTHT, TTTH} occurs.
Probability (of losing Rs 3.50) =
The person loses Rs 6.00 when 4 tails turn up, i.e., when the event {TTTT} occurs.
Probability (of losing Rs 6.00) =
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