1 In the game of roulette a player can place a 10 bet on the...
60.1K
Verified Solution
Link Copied!
Question
Statistics
1 In the game of roulette a player can place a 10 bet on the number 32 and have a probability of winning If the metal ball lands on 32 the player gets to keep the 10 paid to play the game and the player is awarded an additional 350 Otherwise the player is awarded nothing 38 and the casino takes the player s 10 What is the expected value of the game to the player If you played the game 1000 times how much would you expect to lose Note that the expected value is the amount on average one would expect to gain or lose each game The expected value is Round to the nearest cent as needed The player would expect to lose about Round to the nearest cent as needed
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
