Instructions: Find the expected values and answer the questions based on the given scenario.

You and a friend have created a carnival game for your classmates. You plan to charge $2 for each time a student plays, and the payout for a win is $5. According to your calculations, the probability of a win is .1. What is your expected value for this game?

The expected value is Answer.

This means that on average, you can expect to Answer losegain $$ Answer each time someone plays your game.

Mathematically, is your game considered a "fair" game for you and the players? Answer YesNo