Suppose a slot machine with a \$10,000 jackpot pays out an average...

Question

# Suppose a slot machine with a \$10,000 jackpot pays out an average...

Suppose a slot machine with a \$10,000 jackpot pays out an average of 95 cents on the dollar, meaning for every dollar you play over the long run, you get 95 cents back. What is the expected value per dollar played on this machine?

You can expect to lose \$0.95 per dollar played over the long run

You can expect to lose \$0.05 per dollar played over the long run

You can expect to lose \$1 per dollar played over the long run

You can expect to win \$10,000.

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## Step-by-step explanation

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