1.	What does the expected value of a fair game equal?
		A.	zero	B.	twice the payoff
		C.	one	D.	half the payoff
		Hint
	2.	Based on past sweepstakes a company expects 600,000,000 entries. Find the expected values of Sweepstake B shown in the chart. Round to the nearest ten thousandth.
		A.	0.0185	B.	0.0019
		C.	0.0036	D.	0.0142
		Hint
	3.	A school is thinking of selling candy bars as a fundraiser. The company states the probability of making $20,000 is 0.7 and the probability of losing $6500 is 0.37. The company claims that on average any club makes over $10,000. Is this claim accurate? Why or why not?
		A.	no; The expected value was over $10,000	B.	yes; The expected value was over $10,000
		C.	no; The expected value is under $10,000	D.	yes; The expected value is under $10,000.
		Hint
	4.	Two children are playing with a bag of four marbles. One is white, 2 are blue and 1is red. Each child takes a marble from the bag. The child with a blue marble receives 2 points. Otherwise the child loses one point. Is the game fair? Why or why not?
		A.	yes; The expected value does not equal zero.	B.	no; The expected value does not equal zero.
		C.	yes; The expected value is equal to zero.	D.	no; The expected value is equal to zero.
		Hint
	5.	Two children are playing with a bag of four marbles. One is white, 2 are blue and 1is red. Each child takes a marble from the bag. The child with a red marble receives 3 points. Otherwise the child loses one point. Is the game fair? Why or why not?
		A.	yes; The expected value does not equal zero.	B.	no; The expected value is equal to zero.
		C.	no; The expected value does not equal zero.	D.	yes; The expected value is equal to zero.
		Hint