1.	What does the expected value of a fair game equal?
		A.	twice the payoff	B.	zero
		C.	half the payoff	D.	one
		Hint
	2.	Based on past sweepstakes a company expects 10,000 entries. Find the expected values of Sweepstake C shown in the chart. Round to the nearest ten thousandth.
		A.	2.04	B.	0.36
		C.	0.84	D.	0.22
		Hint
	3.	A Las Vegas company states the probability of winning $60,000 is 0.012, the probability of winning $15,000 is 0.014.and the probability of winning $15,000 is 0.014. What is the expected value?
		A.	1140	B.	90,000
		C.	1523	D.	50,254
		Hint
	4.	A chess club is thinking of selling magazines as a fundraiser. The company states the probability of making $6,000 is 0.67 and the probability of losing $2500 is 0.27. The company claims that on average any club makes over $5000. Is this claim accurate? Why or why not?
		A.	no; The expected value was over $5000.	B.	yes; The expected value is under $5000.
		C.	yes; The expected value was over $5000	D.	no; The expected value is under $5000.
		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.	no; The expected value does not equal zero.	B.	no; The expected value is equal to zero.
		C.	yes; The expected value does not equal zero.	D.	yes; The expected value is equal to zero.
		Hint