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A certain casino game has an expected value (from the player's point of view) of -$1.50 per play of the game. Choose all that apply:
A certain casino game has an expected value (from the player's point of view) of -$1.50 per play of the game.
Choose all that apply:
- The possible dollar amounts that the casino could gain or lose, weighted by their probabilities, equals $1.50.
- If the casino pays the player $1 per play of the game, in the long run it will gain $0.50 per play.
- The possible dollar amounts that the casino could gain or lose, weighted by their probabilities, equals -$1.50.
- For each play of the game, the single most likely outcome is that the player will gain $1.50.
- If the casino charges $1 per play of the game, in the long run it will gain $2.50 per play.
- For each play of the game, the single most likely outcome is that the player will lose $1.50.
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