Suppose that you are offered the following “deal.” An impartial person selects an integer between 1 and 9 at

random and you try to guess beforehand which number will be selected. If you guess wrong then you pay $1 and if you guess right then you win $10. Call the outcome of the game your “gain.” (Note that if you pay money then your gain is negative.)Question 14

In this game your probability of winning is

Select one:

a. Larger than your probability of losing.

b. Smaller than your probability of losing.

c. Equal to your probability of losing.

d. Unknown.Question 15

The expected gain in this game is

Answer: ……………….

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