If your expected value when playing a $1 game of chance is $0.03. How much should you have netted after playing the game 160 times?
160 * .03 = 4.80
by the way, are you sure it is not -.03?
It is pretty rare that a game is set up so the customer wins/
To find out how much you should have netted after playing the game 160 times, we can multiply the expected value by the number of times the game was played.
In this case, the expected value when playing the game once is $0.03. Therefore, the expected value when playing the game 160 times is:
Expected value per game * Number of games = $0.03 * 160 = $4.80
So, you should have netted $4.80 after playing the game 160 times.