1 the game of roulette, a player can place a $7 bet on the number 23 and have a probability of winning. If the metal ball lands on 23, the player gets to keep the $7 paid to play the game and the -layer is awarded an additional $245. Otherwise, the player is awarded nothing and the casino takes the player's $7. What is the expected value of the game to the player? If you played the game 000 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.)
1 the game of roulette, a player can place a $7 bet on the number 23 and have a probability of winning. If the metal ball lands on 23, the player gets to keep the $7 paid to play the game and the -layer is awarded an additional $245. Otherwise, the player is awarded nothing and the casino takes the player's $7. What is the expected value of the game to the player? If you played the game 000 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.)
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 of roulette, a player can place a $7 bet on the number 23 and have a \(\frac{1}{38}\) probability of winning. If the metal ball lands on 23, the player gets to keep the $7 paid to play the game and the player is awarded an additional $245. Otherwise, the player is awarded nothing and the casino takes the player's $7. What is the expected value of the game to the player? If you played the game 1,000 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.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa8c14599-568d-4e0a-866b-350ab0c06729%2Fef31390d-b76d-44fe-9813-10bc37be872a%2Ftisddx8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:In the game of roulette, a player can place a $7 bet on the number 23 and have a \(\frac{1}{38}\) probability of winning. If the metal ball lands on 23, the player gets to keep the $7 paid to play the game and the player is awarded an additional $245. Otherwise, the player is awarded nothing and the casino takes the player's $7. What is the expected value of the game to the player? If you played the game 1,000 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.)
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