Which statement below correctly depicts the expected value of a fair game?
e(x) = 0
e(x) = 1
e(x) > 0
e(x) > 1

Step-by-step explanation:

First of all it is important to know about the fair game.  A game is said to be fair if it has equal chances of winning for both the parties.

In Statistical terms, this can be said as expected value =0

If E(X) = 1 where X is from the player, then organizer of the game would have more chances of losing.

Similarly if E(X)>0where X is from the player, then organizer of the game would have more chances of losing.

Also if E(X)>1, where X is from the player, then organizer of the game would have more chances of losing.

Hence a fair game is one where

E(X) =0

x = 0 , 1 , − 1

Step-by-step explanation: