anonymous
  • anonymous
expected value and fair price problems Is the fair price to pay for a game of chance the same as the expected value of that game of chance? explain your answer
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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katieb
  • katieb
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anonymous
  • anonymous
sounds right to me. that will make your expected value zero, which means the game is fair
anonymous
  • anonymous
so for example if the expected value of the game is $2 that means on average you will win $2 per game, so if you pay $2 to play then in the long run you will win nothing and your opponent will win nothing
anonymous
  • anonymous
Expected value - if on a $1 bet paul goldsteins expected value is $.30 what is paul's expected value on a $5 bet?

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NotTim
  • NotTim
I think you should ask that as a new question.
NotTim
  • NotTim
Same subject, different topic.
anonymous
  • anonymous
ok
NotTim
  • NotTim
Personally, I wouldn't know. I taught it was a ratio of some sort.
NotTim
  • NotTim
Thought
anonymous
  • anonymous
so now i have a stupid question, how do i ask it as a different question

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