Wilson is watching two different roulette-type games at a local charity bazaar.Each game costs $1 to play.In one game,there are ten different numbers,and if the number he selects comes up,he will win $12.In the other game,there are 100 different numbers,but if the number he selects comes up,he will win $50.What should Wilson do based on expected value theory
A) Play the first game because it has a higher expected value.
B) Play either one of the games because they both have the same expected value.
C) Play the second game because it has a higher expected value.
D) Not play either game because they both have such low odds of winning.
Correct Answer:
Verified
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