MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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- In the game of roulette, a player can place a $9 bet on the number 29 and have a probability of winning. If the metal ball lands on 29, the player gets to keep the 38 1 $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, Find the expected value E(x) to the player for one play of the game. If x is the gain to a player in a game of chance, then E(x) is usually negative. This value gives the average amount per game the player can expect to lose. The expected value is $.5 (Round to the nearest cent as needed.)arrow_forwardIn the game of roulette, a player can place a $7 bet on the number 32 and have a 138 probability of winning. If the metal ball lands on 32, the player gets to keep the $7 paid to play the game and the player is awarded an additional $245.Otherwise, the player is awarded nothing and the casino takes the player's $7. Find the expected value E(x) to the player for one play of the game. If x is the gain to a player in a game of chance, then E(x) is usually negative. This value gives the average amount per game the player can expect to lose.arrow_forwardPlease explain step by steparrow_forward
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