A 95% payback in terms of expected value means that for every $1 put on the slots, the investor receives $0.95.
What is the expected value?
The expected value is a mean value in gain or return, which is computed by multiplying the expected value by the probability of occurrence.
The expected value equals possible outcomes multiplied by the likelihood of occurrence.
Thus, a 95% payback in terms of expected value means that for every $1 put on the slots, the investor receives $0.95.
Learn more about the expected value at https://brainly.com/question/14723169
#SPJ1
