1 38 probability of winning If the metal ball lands on 32 the player gets...

90.2K

Verified Solution

Question

Statistics

image

1 38 probability of winning If the metal ball lands on 32 the player gets to keep In the game of roulette a player can place a 10 bet on the number 32 and have a the 10 paid to play the game and the player is awarded an additional 350 Otherwise the player is awarded nothing 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!
Become a Member

Other questions asked by students