In the game of​ roulette, a player can place a $6 bet on the number 24 and have a 1/38 probability of winning. If the metal ball lands on24​,the player gets to keep the​$6paid to play the game and the player is awarded an additional $210.Otherwise, the player is awarded nothing and the casino takes the​ player's​$6.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.

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 $6 bet on the number 24 and have a 1/38 probability of winning. If the metal ball lands on24​,the player gets to keep the​$6paid to play the game and the player is awarded an additional $210.Otherwise, the player is awarded nothing and the casino takes the​ player's​$6.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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