The Connotation "Expected Value" or "Expected Gain" from Playing Roulette

question 99

Multiple Choice

The connotation "expected value" or "expected gain" from playing roulette at a casino means

• A) the amount you expect to "gain" on a single play.
• B) the amount you need to "break even" over many plays.
• C) the amount you expect to "gain" in the long run over many plays.
• D) the amount you should expect to gain if you are lucky.

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Definitions:

Eternal Truths

refers to truths that are considered to be universally valid, regardless of temporal or cultural contexts.

Assumptions

Accepted beliefs or statements taken for granted without proof.

Psychology

The scientific study of the mind and behavior, encompassing various aspects of conscious and unconscious experience as well as thought.

Pure Sociology

A theoretical approach in sociology that seeks to explain social phenomena in objective, universal terms, focusing on social structures and their functions.