Question

The expected value of a game you are betting on tellsyouA. the amount you can expect to win in the long run.B. the probability of winning.C. how many times you can expect to play before youwin.

Answer 1

The expected value id an anticipation for a probability distribution on how the result of an event can be interpreted on what the outcome could be.

the correct answer is A which will tells you the amount you can expect by the end of the game.