If you charge $3.14 to play a particular game of chance and the expected value is...

Question

Question

If you charge $3.14 to play a particular game of chance and the expected value is $0, then what is the Fair Price?

Do not round the answer

Answer 1

Answer #1

A fair price of the game is the expected value of the game which is $0

Thus, the fair price is $0

Answer 2

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