In the game of​ roulette, a player can place a ​$4 bet on the number 14 and have a 1/38 probability of winning. If the metal ball lands on 14​, the player gets to keep the $4 paid to play the game and the player is awarded an additional ​$140.​ Otherwise, the player is awarded nothing and the casino takes the​ player's ​$4.What is the expected value of the game to the​ player? If you played the game 1000​ times, how much would you expect to​ lose?     The expected value is ​$ ​(Round to the nearest cent as​ needed.)

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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In the game of​ roulette, a player can place a ​$4 bet on the number 14 and have a 1/38 probability of winning. If the metal ball lands on 14​, the player gets to keep the $4 paid to play the game and the player is awarded an additional ​$140.​ Otherwise, the player is awarded nothing and the casino takes the​ player's ​$4.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.)
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