which statement below correctly depicts the expected value of a fair game?\n$e(x)=0$\n$e(x)=1$\n$e(x)>0$\n$e(…

which statement below correctly depicts the expected value of a fair game?\n$e(x)=0$\n$e(x)=1$\n$e(x)>0$\n$e(x)>1$

which statement below correctly depicts the expected value of a fair game?\n$e(x)=0$\n$e(x)=1$\n$e(x)>0$\n$e(x)>1$

Answer

Explanation:

Step1: Recall fair - game definition

In a fair game, on average, a player neither wins nor loses. The expected value $E(X)$ represents the average outcome of a random variable $X$. If a game is fair, the long - term average gain or loss for the player is zero.

Answer:

$E(X)=0$