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In the of roulette, a player can place a $4 bet on the number 2 and have a game probability of winning. If the 38 metal ball lands on 2, 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 a 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.)

In the of roulette, a player can place a $4 bet on the number 2 and have a game probability of winning. If the 38 metal ball lands on 2, 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 a 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.)

MATLAB: An Introduction with Applications
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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1 In the game of roulette, a player can place a $4 bet on the number 2 and have a 38 probability of winning. If the metal ball lands on 2, 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? The expected value is $. (Round to the nearest cent as needed.) View an example Get more help - Previous Q Search ho Clear all
Transcribed Image Text:1 In the game of roulette, a player can place a $4 bet on the number 2 and have a 38 probability of winning. If the metal ball lands on 2, 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? The expected value is $. (Round to the nearest cent as needed.) View an example Get more help - Previous Q Search ho Clear all
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