In the game of roulette, a player can place a $4 bet on the number 7 and have a 8 probability of winning. If the metal ball lands on 7, 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 expectec value of the game to the player? If you played the game 1000 times, how much would you expect to lose? Note that the expected value is the amount, on average, one would expect to gain or lose each game. The expected value is $. (Round to the nearest cent as needed.)

In the game of roulette, a player can place a $4 bet on the number 7 and have a 8 probability of winning. If the metal ball lands on 7, 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 expectec value of the game to the player? If you played the game 1000 times, how much would you expect to lose? Note that the expected value is the amount, on average, one would expect to gain or lose each game. The expected value is $. (Round to the nearest cent as needed.)

Name: 1In the game of roulette, a player can place a $4 bet on the number 7
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Description: 1In the game of roulette, a player can place a $4 bet on the number 7 and have a 28 probability of winning. If the metal ball lands on 7, the player gets to keep the $4paid to play the game and the player is awarded an additional $140. Otherwise, th

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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Concept explainers

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.

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Question

1
In the game of roulette, a player can place a $4 bet on the number 7 and have a 28 probability of winning. If the metal ball lands on 7, 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? Note that the expected value is the amount, on average, one
would expect to gain or lose each game.
The expected value is $.
(Round to the nearest cent as needed.)

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