Question
In the game of roulette, a player can place a $5 bet on the number 13 and have a 1/38 probability of winning. If the
In the game of roulette, a player can place a $5 bet on the number 13 and have a
1/38 probability of winning. If the metal ball lands on 13, the player gets to keep the
$5paid 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 $5. Find the expected value E(x) to the player for one play of the game. If x is the gain to a player in a game of chance, then E(x) is usually negative. This value gives the average amount per game the player can expect to lose.
The expected value is _____$
.
probability of winning. If the metal ball lands on
13
,
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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