Question

A game has 3 possible outcomes, with probabilities p1, p2, and p3. The amount of money that you will win or lose for each outcome is v1, v2, and v3, respectively. What is the expression p1v1 + p2v2 + p3v3 equal to?



The total amount you will win (or lose) in the long run.

The average amount you will win (or lose) per game in the long run.

The exact amount you will win (or lose) per game.

The amount that you will win (or lose) for 3 games.