Let the random variable X represent the winnings at one play of a particular game. The expected value of X is known to be -$0.32. This means that on any given play of the game, the most likely outcome is that the player will lose 32 cents?

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Quizplus · Accepted Answer

The expected value of -$0.32 means that on average, over many plays, a player will lose 32 cents per play. It does not necessarily indicate the most likely outcome of a single play.

Let the Random Variable X Represent the Winnings at One