Raymond B. answered • 11d
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b is correct. on average you will lose 23 cents per bet
Jesse S.
asked • 03/03/15Betting Probability
You are betting on a game in which each bet has an expected value of -$0.23. This means that
a. you can never make money playing this game.
b. if you play the game many times, on average you will have lost about 23 cents per game.
c. most of the time you will lose 23 cents..
a. you can never make money playing this game.
b. if you play the game many times, on average you will have lost about 23 cents per game.
c. most of the time you will lose 23 cents..
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