Mathematics, 04.07.2020 18:01 madelyngv97
In the game of roulette, a player can place a $6 bet on the number 30 and have a StartFraction 1 Over 38 EndFraction probability of winning. If the metal ball lands on 30, the player gets to keep the $6 paid 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. 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.
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In the game of roulette, a player can place a $6 bet on the number 30 and have a StartFraction 1 Ove...
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