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If you bet $ 3 on a certain casino game, the expected value is negative 3.2. Which bet is better in the sense of producing
If you bet $ 3 on a certain casino game, the expected value is negative 3.2. Which bet is better in the sense of producing a higher expected value: a $ 3 bet on the state's lottery or a $ 3 bet on the casino game? Explain. A. It is impossible to compare the values because they have different units. B. The state's lottery is a better bet because it has a larger expected value. C. Neither bet is better because both games have the same expected value. D. The casino game is a better bet because it has a larger expected value
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