Compare $-\$1.00$ and $-\$0.25$ on the number line. Identify the greater expected value and relate it to the smaller average loss.

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They have the same expected value.

Strategy A is better because it loses more on average.

Strategy B has the better expected value.

Strategy A has the better expected value.

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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: Choose the better strategy by comparing expected values