Describe a $\$0$ expected net value as the long-run average per play, while allowing individual plays to produce gains or losses.

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Every play produces a net outcome of exactly $0.

Over many plays, the average gross payout is $0 per play; one play can differ.

Over many plays, the average net outcome is $0 per play; one play can differ.

The game cannot produce either a net gain or a net loss on any play.

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Curriculum context

Course: Math II
Standard: S-MD.7
Category: Statistics and Probability
Domain: Using Probability to Make Decisions
Objective: Analyze decisions and strategies with probability concepts in applied settings.
Problem type: Interpret expected value as a long-run average with a stated unit