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.
Chapter8: Sequences, Series,and Probability
Section: Chapter Questions
Problem 41CT: On a game show, a contestant is given the digits 3, 4, and 5 to arrange in the proper order to form...
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
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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