Your teacher invented another game: You will pick one card from a deck of cards. If you pick a heart, you will win $25.00. Otherwise, you will lose $5.00.
From the standpoint of the player, what is the expected value of this game?
Enter expected value
What does the expected value tell us about the game?
O The game is good to play, you will make money on average.
O The game is NOT good to play, you will tend to lose money.
O It doesn't matter if you play, you will generally break even.