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In the game of roulette, a player can place a $10 bet on the number 6 and have a 38 probability of winning. If the metal ball lands on 6, the player gets to keep the $10 paid 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.

In the game of roulette, a player can place a $10 bet on the number 6 and have a 38 probability of winning. If the metal ball lands on 6, the player gets to keep the $10 paid 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.

MATLAB: An Introduction with Applications
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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1 In the game of roulette, a player can place a $10 bet on the number 6 and have a 38 probability of winning. If the metal ball lands on 6, 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.)
Transcribed Image Text:1 In the game of roulette, a player can place a $10 bet on the number 6 and have a 38 probability of winning. If the metal ball lands on 6, 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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