Sadistics

[I had some formatting problems putting this post together, which was causing some text to disappear. Fixed now.]

Patterico poses a statistical question:

50 standard coins are thrown onto the floor. Before the toss, each had an equal chance of coming up heads or tails. Before you see how they came up, all 50 coins are covered up.

Tom goes and uncovers 25 of them. All are heads.

Joe offers to give you $10 for every remaining coin that came up tails, if you will give him $12 for every remaining coin that came up heads.

1) Do you accept Joe’s offer?

2) Is there any question you would like to ask Tom before you decide?

The “official” answer has not yet been posted.

My answers, slightly edited, behind the spoilers tag:

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