Question
In the game ofroulette, a player can place a $9 bet on the number 8 and have a 138 probability of winning. If the metal
In the game ofroulette, a player can place a $9 bet on the number 8 and have a 138 probability of winning. If the metal ball lands on 8, the player gets to keep the $9 paid to play the game and the player is awarded an additional $315. Otherwise, the player is awarded nothing and the casino takes theplayer's $9. Find the expected valueE(x) to the player for one play of the game. If x is the gain to a player in a game ofchance, thenE(x) is usually negative. This value gives the average amount per game the player can expect to lose.
The expected value is $
nothing
.
(Round to the nearest cent asneeded.)
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