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Which of the following statements are true Mark all that apply If the odds for...

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Which of the following statements are true Mark all that apply If the odds for an event are 3 to 5 then the odds against that event are 5 to 3 If the Expected Value of a game is 1 we say that it is a fair game The probability of an event that is certain is 1 Expected Value is the actual gain or loss each time an event takes place The probability of an impossible event is 0 If P A is the probability that event A will occur the probability event A will not occur is P A P A Expected Volvo in the evergo gain or loss of an event if the procedure is repeated many time

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