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In the game of roulette, a player can place a $10 bet on the number...

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Basic Math

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In the game of roulette, a player can place a $10 bet on the number 7 and have a 1/38 probability of winning. If the metal ball lands on 7, 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 and the casino takes the player's $10. Find the expected value E(x) to the player for one play of the game. If x is the gain to a player in a game of chance, then E(x) is usually negative. This value gives the average amount per game the player can expect to lose.The expected value is $(Round to the nearest cent as needed.)

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