Suppose the expected value of a game of chance is 275 Does t

Suppose the expected value of a game of chance is -$2.75. Does this mean that every time one plays this game, she will lose $2.75? Explain your answer briefly.

Solution

expected value of a game of chance is -$2.75, it explains the average value of money returned is nagtive for certain count of play. It can be possible that some games will gives the profit & other lose.

Suppose the expected value of a game of chance is -$2.75. Does this mean that every time one plays this game, she will lose $2.75? Explain your answer briefly.S

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