Answer:
Step-by-step explanation:
First of all it is important to know about the fair game. A game is said to be fair if it has equal chances of winning for both the parties.
In Statistical terms, this can be said as expected value =0
If E(X) = 1 where X is from the player, then organizer of the game would have more chances of losing.
Similarly if E(X)>0where X is from the player, then organizer of the game would have more chances of losing.
Also if E(X)>1, where X is from the player, then organizer of the game would have more chances of losing.
Hence a fair game is one where
E(X) =0
