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In the game of roulette, a player can place a $ 4 bet on the number 5 and have a 1 38 probability of winning.
In the game of roulette, a player can place a $
4 bet on the number
5 and have a
1
38
probability of winning. If the metal ball lands on
5, 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?
Question content area bottomPart 1
The expected value is $
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.
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