In the game of roulette, a player can place a $5bet on the number 2 and have a 138 probability of winning. If the metal ball lands on 2, the player gets to keep the $5 paid to play the game and the player is awarded $175. Otherwise, the player is awarded nothing and the casino takes the player's $5. 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.) The player would expect to lose about (Round to the nearest cent as needed.)
In the game of roulette, a player can place a $5bet on the number 2 and have a 138 probability of winning. If the metal ball lands on 2, the player gets to keep the $5 paid to play the game and the player is awarded $175. Otherwise, the player is awarded nothing and the casino takes the player's $5. 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.) The player would expect to lose about (Round to the nearest cent as needed.)
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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In the game of roulette, a player can place a $5bet on the number 2 and have a 138 probability of winning. If the metal ball lands on 2, the player gets to keep the $5 paid to play the game and the player is awarded $175. Otherwise, the player is awarded nothing and the casino takes the player's
$5.
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.)
The player would expect to lose about
(Round to the nearest cent as needed.)
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