What Is Your Expected Value of Winning for a Game

question 23

Multiple Choice

What is your expected value of winning for a game whose probabilities and outcomes are given in the following table? Assume the wager is $1.

• A)$1.30
• B)-$1.30
• C)$0.10
• D)-$0.10

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Definitions:

Negation Operator

A unary operator used in many programming languages to invert the truth value of a boolean expression.

Pseudocode

A simplified, notational form of a computer programming code not executable by the computer but understandable to programmers.

Boolean Condition

An expression that evaluates to either true or false, used to control the flow of a program.

Compound Boolean

An expression that combines multiple Boolean expressions using logical operators, leading to more complex condition checking.