Pollard Mcdonald
10/22/2024 · Junior High School
a. If there is a charge of \( \$ 8 \) to play the game, what is the game's expected value? \( \$-1.33 \) (Round to the nearest cent.) b. What does this expected value mean? Choose the correct statement below. A. This value represents the expected loss over the long run for each game played. B. This value represents the expected win over the long run for each game played. C. The player can expect to break even over the long run.
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a. The game's expected value is \( -1.33 \).
b. The expected value represents the expected loss over the long run for each game played.
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