Mathematics, 30.06.2020 06:01, nickwwe13
In the game of roulette, a player can place a $4 bet on the number 10 and have a 1/38 probability of winning. If the metal ball lands on 10, 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?
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In the game of roulette, a player can place a $4 bet on the number 10 and have a 1/38 probability of...
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