If a Gamble Has an Expected Value of Zero, Then

question 96

Multiple Choice

If a gamble has an expected value of zero, then it is termed a(n) :

• A)better-than-fair gamble.
• B)unfair gamble.
• C)zero gamble.
• D)fair gamble.

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Definitions:

Weekend Selling

The practice or strategy of promoting, selling, or conducting sales primarily on weekends.

Liability

Refers to the state of being legally responsible for something, typically a debt or obligation.

Weekend Business Activity

Commercial or professional transactions conducted during Saturday and Sunday.