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

question 103

Multiple Choice

The connotation 'expected value' or 'expected gain' from playing roulette at a casino means

• A) the amount you expect to 'gain' in the long run over many plays.
• B) the amount you should expect to gain if you are lucky.
• C) the amount you expect to 'gain' on a single play.
• D) the amount you need to 'break even' over many plays.

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Definitions:

Cross-Sectional

Describes a study design that analyzes data from a population, or a representative subset, at a specific point in time.

Cross-Sectional Method

An observational research method that analyzes data from a population, or a representative subset, at a specific point in time.

Longitudinal

A research design in which the same subjects are observed or tested repeatedly over a period of time.

Correlational

Referring to a type of research design that examines the relationship between two or more variables to determine if they are associated in some way.