8
QuizMultiple Choice

Expected Value

Question 8 • CREDIT RE-SEAT MNPS Integrated Math III IC S2 26-27

Johnny is challenged to a single-player game with an expected value of 1. Which statement below is true?

Answer
I
It is a fair game.
I
It is a favorable game.
I
It is unfavorable game.
J
Johnny cannot determine whether the game is fair without knowing the rules.

Explanation

A game is favorable when its expected net gain is positive, fair when the expected net gain is 0, and unfavorable when it is negative. Since Johnny’s expected value is 1, the expected gain is positive, so it is a favorable game.

AI-written and checked against the verified answer.

Previous
Next