A Game Is Said to Be "Fair" If the Expected

question 152

Essay

A game is said to be "fair" if the expected value for winnings is 0, that is, in the long run, the player can expect to win 0. Consider the following game. The game costs $1 to play and the payoffs are $5 for red, $3 for blue, $2 for yellow, and nothing for white. The following probabilities apply. What are your expected winnings? Does the game favor the player or the owner? $$\begin{array} { r | r } \text { Outcome } & \text { Probability } \\ \hline \text { Red } & .02 \\ \text { Blue } & .04 \\ \text { Yellow } & .16 \\ \text { White } & .78 \end{array}$$

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Definitions:

Physical Assessment

A systematic examination of the body by a healthcare professional to evaluate the status of a patient's physical health.

Spinal Cord Injury

Damage to the spinal cord that results in a loss of function, such as mobility or sensation, below the level of injury.

Nursing Diagnosis

is a clinical judgment about individual, family, or community responses to actual or potential health problems/life processes, providing the basis for selection of nursing interventions.

Plan of Care

outlines a comprehensive, individualized strategy for medical and nursing interventions to address a patient's specific health needs and goals.