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1 In the game of roulette, a player can place a $10 bet on the number 2 and have a probability of winning. 38 If the metal ball lands on 2, the player gets to keep the $10 paid to play the game and the player is awarded an additional $350. Otherwise, the player is awarded nothing and the casino takes the player's $10. 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? The expected value is $ (Round to the nearest cent as needed.) ...

1 In the game of roulette, a player can place a $10 bet on the number 2 and have a probability of winning. 38 If the metal ball lands on 2, the player gets to keep the $10 paid to play the game and the player is awarded an additional $350. Otherwise, the player is awarded nothing and the casino takes the player's $10. 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? The expected value is $ (Round to the nearest cent as needed.) ...

Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter14: Counting And Probability
Section14.CR: Chapter Review
Problem 35E
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1 In the game of roulette, a player can place a $10 bet on the number 2 and have a probability of winning. 38 If the metal ball lands on 2, the player gets to keep the $10 paid to play the game and the player is awarded an additional $350. Otherwise, the player is awarded nothing and the casino takes the player's $10. 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? The expected value is $ (Round to the nearest cent as needed.)
Transcribed Image Text:1 In the game of roulette, a player can place a $10 bet on the number 2 and have a probability of winning. 38 If the metal ball lands on 2, the player gets to keep the $10 paid to play the game and the player is awarded an additional $350. Otherwise, the player is awarded nothing and the casino takes the player's $10. 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? The expected value is $ (Round to the nearest cent as needed.)
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1 In the game of roulette, a player can place a $10 bet on the number 2 and have a 38 probability of winning. If the metal ball lands on 2, the player gets to keep the $10 paid to play the game and the player is awarded an additional $350. Otherwise, the player is awarded nothing and the casino takes the player's $10. 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? The expected value is $ -0.53. (Round to the nearest cent as needed.) The player would expect to lose about $[ (Round to the nearest cent as needed.)
Transcribed Image Text:1 In the game of roulette, a player can place a $10 bet on the number 2 and have a 38 probability of winning. If the metal ball lands on 2, the player gets to keep the $10 paid to play the game and the player is awarded an additional $350. Otherwise, the player is awarded nothing and the casino takes the player's $10. 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? The expected value is $ -0.53. (Round to the nearest cent as needed.) The player would expect to lose about $[ (Round to the nearest cent as needed.)
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