Question
In the game ofroulette, a player can place a $4 bet on the number 1 and have a 138 probability of winning. If the metal
In the game ofroulette, a player can place a $4 bet on the number 1 and have a 138 probability of winning. If the metal ball lands on 1, 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 theplayer's $4. What is the expected value of the game to theplayer? If you played the game 1000times, how much would you expect tolose? Note that the expected value is theamount, onaverage, one would expect to gain or lose each game.
The expected value is $____.
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