The average winning per bet is the mean or the expected value of winning a bet.
The statistical term that represents $0.94 is (c) the expected value
From the question, we understand that the gambler has an average winning of $0.94, when he places a bet of $1
This means that:
The average winning on a bet of $1 is $0.94
Average, in statistics means the mean or expected value
Hence, the statistical term for $0.94 is (c) the expected value
Read more about expected values at:
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