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In the game ofroulette, a player can place a $ 7 bet on the number 18 and have a 1/38 probability of winning. If the

In the game ofroulette, a player can place a $7 bet on the number 18 and have a 1/38 probability of winning. If the metal ball lands on 18, the player gets to keep the $7 paid to play the game and the player is awarded an additional $245. Otherwise, the player is awarded nothing and the casino takes theplayer's $7. What is the expected value of the game to theplayer? If you played the game 1000times, how much would you expect tolose?

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