If a fair gamble is played many times,the combined monetary losses or gains will
A)approach zero.
B)be negative.
C)be positive.
D)result in an outcome that cannot be determined without more information.

Question

Quizplus · Accepted Answer

In a fair gamble, the expected value is zero. This means that over many plays, the losses will balance out the gains and approach zero. Therefore, the combined monetary losses or gains will approach zero.

If a Fair Gamble Is Played Many Times,the Combined Monetary