In the game of roulette, a player can place a $9 bet on the number 24 and have a startfraction 1 over 38 endfraction probability of winning. if the metal ball lands on 24, 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 the player's $9. what is the expected value of the game to the player

- $0.47

Here, negative sign depicts the expected loss

Explanation:

Data provided in the question:

Bet amount for number 24 = $9

Probability of winning on number 24 =

Award amount for number 24 = $315

Probability of losing on number 24 = 1 - =

Losing amount = $9

Now,

The expected value of the game to the player

= Winning amount × Probability of winning - Losing amount × Probability of losing

= ( $315 × ) - ( $9 × )

= 8.29 - 8.76

= - $0.47

Here, negative sign depicts the expected loss

dual credit courses allow you to take a test at the end of the course that, if you pass it with a high enough score, will give you college credit.

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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