In this video, I show the formula of expected value, and compute the expected value of a game.
The final answer represents the net transaction to you!! It means you can expect to be $0.875 richer than before you played the game, on average!
For more free math videos, visit http://JustMathTutoring.com
Tagged under: math,statistics,expected,mu,long,run,average,median
Find more lesson plans like this:Blackjack: Finding Expected Values of Games of Chance with Cards
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