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

question 4

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

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Definitions:

Mortgage

A loan secured by the collateral of specified real estate property, where the borrower is obliged to make a predetermined set of payments to the lender.