In the game of roulette, a player can place a $4 bet on the number 15 and have a 138 probability of winning. If the metal ball lands on 15, 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. 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. Question content area bottom Part 1 The expected value is
In the game of roulette, a player can place a $4 bet on the number 15 and have a 138 probability of winning. If the metal ball lands on 15, 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. 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. Question content area bottom Part 1 The expected value is
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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Question
In the game of roulette, a player can place a
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.
$4
bet on the number
15
and have a
138
probability of winning. If the metal ball lands on
15,
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.
Find the Question content area bottom
Part 1
The expected value is
$enter your response here
.
(Round to the nearest cent as needed.)
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