Question

c) which of the following is the correct interpretation of the expected winnings? select an answer if you play the ohio lottery many times, you can expect to win -0.79 dollars per game every time you play the ohio lottery you will lose every time you play the ohio lottery you will win -0.79 dollars

Explanation:

Step1: Understand expected - value concept

The expected value of a random variable (in this case, lottery winnings) represents the long - term average value of repetitions of the same experiment. A negative expected value of - 0.79 dollars per game means that on average, over many plays of the Ohio lottery, a player will lose money.

Step2: Analyze the options

The statement "If you play the Ohio lottery many times, you can expect to win - 0.79 dollars per game" means that on average, for each game played, a player will have a net loss of 0.79 dollars. This is because winning a negative amount is equivalent to losing.

Answer:

If you play the Ohio lottery many times, you can expect to win - 0.79 dollars per game. This implies that on average, per game, you will lose 0.79 dollars.