Question: $0.33 x 100 = $33 Therefore, on average, we can expect to win $33 if we play the game 100 times. However, there is always
$0.33 x 100 = $33 Therefore, on average, we can expect to win $33 if we play the game 100 times. However, there is always the possibility of winning more or less than this expected value due to the inherent randomness of the game
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
