1.	What does the expected value of a fair game equal?
		A.	twice the payoff	B.	one
		C.	half the payoff	D.	zero
		Hint
	2.	What is expected value?
		A.	The difference of the products of the probabilities and payoff.
		B.	The product of the sums of the probabilities and payoff.
		C.	The sum of the quotients of the probabilities and payoff.
		D.	The sum of the products of the probabilities and payoff.
		Hint
	3.	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.	0.22
		C.	0.36	D.	0.84
		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.	yes; The expected value was over $5000	B.	yes; The expected value is under $5000.
		C.	no; The expected value is under $5000.	D.	no; The expected value was over $5000.
		Hint
	5.	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 is under $10,000	B.	yes; The expected value was over $10,000
		C.	no; The expected value was over $10,000	D.	yes; The expected value is under $10,000.
		Hint