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?
2 answers
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/
It is pretty rare that a game is set up so the customer wins/
1 answer