Find the Expected Value

question 46

Multiple Choice

Find the expected value.
-In a large casino, the house wins on one of its games with a probability of 50.9%. All bets are 1 : 1 . If you win, you gain the amount you bet; if you lose, you lose the amount you bet. If you play 140
Games in an evening, betting $1 each time, how much should you expect to win or lose?

• A)Lose $71.26
• B)Lose $2.52
• C)Lose $1.26
• D)Win $2.52

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Definitions:

Current

The flow of electric charge through a conductor, a fundamental concept in electrical and electronic circuits.

Wye-Connected

A method of connecting three-phase motors or transformers where the ends are connected to form a "Y" shape, facilitating the use of both line and phase voltages.

Phase Current

The current that flows through any one phase of a multi-phase system, like in three-phase electrical systems.

Resistive Load

An electrical load that consumes power in the form of heat, and its resistance essentially remains constant throughout its operation.