Math Core 314 Notes (4/26)

If there's an equal chance in a game with no penalty, then there is a neutral expected value or an expected value (Expected value of zero)

If there's an equal chance of winning or losing a game, then there is a negative expected value because you lose either way. (Negative expected value)

Expected value is a monetary value (cents and dollars)

To calculate expected value, calculate what you lose and what you gain. Check Lightshot link for example.

https://prnt.sc/s698iw