Which of the following statements are true? Mark all that apply.

☐ If the Expected Value of a game is 1, we say that it is a 'fair game'
☐ If P ( A ) is the probability that event A will occur, the probability event A will not
occur is P ( ¯¯¯ A ) = − P ( A ).
☐ The probability of an event A cannot be negative.
☐ The probability of an impossible event is 0.
☐ Expected Value is the average gain or loss of an event if the procedure is
repeated many times.
☐ Expected Value is the actual gain or loss each time an event takes place.
☐ The probability of an event that is certain is 1.

Thank you.