MATLAB: An Introduction with Applications
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 ​$5bet on the number 2 and have a 138 probability of winning. If the metal ball lands on 2​, the player gets to keep the ​$5 paid to play the game and the player is awarded ​$175. Otherwise, the player is awarded nothing and the casino takes the​ player's
​$5.
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.)
 
The player would expect to lose about
​(Round to the nearest cent as​ needed.)
Expert Solution
Check Mark
Step 1

Assume that x is the net amount to the player from the game.

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