johnny is challenged to a single - player game with an expected value of 1. which statement below is…

johnny is challenged to a single - player game with an expected value of 1. which statement below is true?\no it is a fair game.\no it is a favorable game.\no it is unfavorable game.\no johnny cannot determine whether the game is fair without knowing the rules.

johnny is challenged to a single - player game with an expected value of 1. which statement below is true?\no it is a fair game.\no it is a favorable game.\no it is unfavorable game.\no johnny cannot determine whether the game is fair without knowing the rules.

Answer

Answer:

It is a favorable game.

Explanation:

Step1: Recall expected - value concept

In a game, if the expected value (E(X)> 0), the game is favorable for the player. If (E(X) = 0), the game is fair. If (E(X)<0), the game is unfavorable.

Step2: Analyze given expected value

Here, the expected value of the single - player game is (E(X)=1>0). So it is a favorable game.