Determine whether the statement is true or false. If it is true, explain why it is true. If it is false, give an example to show why it is false. A game between two persons is fair if the expected value to both persons is zero.
A) False. This is contrary to the definition.
B) True. This follows from the definition.

Question

Determine whether the statement is true or false. If it is true, explain why it is true. If it is false, give an example to show why it is false. A game between two persons is fair if the expected value to both persons is zero. 
A) False. This is contrary to the definition.
B) True. This follows from the definition.

Quizplus · Accepted Answer

A game is considered fair if the expected value of the outcomes for all players is equal, typically zero, meaning no player has an advantage over another in terms of expected gains or losses. This ensures that, on average, neither player loses or gains money over time, making the game equitable.

Determine Whether the Statement Is True or False