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

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

Brief Explanations:

In a fair game, on average, a player neither wins nor loses. The expected - value $E(X)$ represents the average outcome. So, for a fair game, the expected value is 0 as the gains and losses balance out over the long - run.

Answer:

$E(X) = 0$