In the game of roulette, a player can place an $8 bet on the number 14 and have a $ \frac{1}{38} $ probability of winning. If the metal ball lands on 14, the player gets to keep the $8 paid to play the game and the player is awarded an additional $280. Otherwise, the player is awarded nothing and the casino takes the player's $8. 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?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.)

Answered: Image /qna-images/answer/301cd726-4875-451b-8ba8-39df75c12680.jpg

Answered: 1 K In the game of roulette, a player…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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In the game show “Deal or no Deal?”, a contestant must first choose 5 boxes out of 22 to be opened. Each box contains a different amount of money. Once a box has been opened, its contents can no longer be won. For each question, explain your reasoning carefully: (a) What is the probability that the contestant chooses the most valuable box? (b) What is the probability that the contestant chooses at least one of the top 5 most valuable boxes
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CHP 4 Suppose a bookie will give you $6 for every $3 you risk if you pick the winners in three games of a sport on a "parlay" card. Thus, for every $3 bet, you will either lose $3 or gain $3. What is the bookie's expected earnings per dollar wagered? (Note the odds of winning and losing on a particular game are the same.) 1. The bookie's expected value for a $3 bet for three games is approximately $enter your response here

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