Thinking Mathematically (6th Edition)

Published by Pearson
ISBN 10: 0321867327
ISBN 13: 978-0-32186-732-2

Chapter 11 - Counting Methods and Probability Theory - 11.8 Expected Value - Concept and Vocabulary Check - Page 754: 4

Answer

True.

Work Step by Step

True, the casinos want a positive expected value for themselves, thus for the players, the expected value will be negative.
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