Multiple Choice
Suppose a slot machine has an expected payout of .95 cents on the dollar, meaning for every dollar you play, you get 95 cents back.What is your expected value for the amount lost per dollar played on this machine?
A) $0.95
B) -$0.05
C) -$1.00
D) The entire jackpot, if you play long enough.
Correct Answer:
Verified
Correct Answer:
Verified
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