Post a New Question

Math

posted by .

what is the expected value of a fair game?

It depends on the game: the rewards and the probability of particular outcomes.


If the lottery has a 10 million dollar prize, and I have a one in five chance of winning it (I wish), the expected value would be

1/5 * 10 Million

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question