In the game of roulette, a player can place a $5 bet on the number 3 and have a 5 probability of winning. If the metal ball lands on 3, the player gets to keep the $5 paid to play the game and the player is awarded an additional $175. Otherwise, the player is awarded nothing and the casino takes the player's $5. 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.

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In the game of​ roulette, a player can place a $5 bet on the number 3 and have a 1/38 probability of winning. If the metal ball lands on 3, the player gets to keep the ​$5 paid to play the game and the player is awarded an additional $175. Otherwise, the player is awarded nothing and the casino takes the​ player's $5. 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 valie is $[ ]

(Round to the nearest cent as needed)

In the game of roulette, a player can place a $5 bet on the number 3 and have a g probability of winning. If the metal ball lands on 3, the player gets to keep the $5
paid to play the game and the player is awarded an additional $175. Otherwise, the player is awarded nothing and the casino takes the player's $5. 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:In the game of roulette, a player can place a $5 bet on the number 3 and have a g probability of winning. If the metal ball lands on 3, the player gets to keep the $5 paid to play the game and the player is awarded an additional $175. Otherwise, the player is awarded nothing and the casino takes the player's $5. 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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