haileysolis5
haileysolis5
16.04.2020 • 
Mathematics

In the game of roulette, a player can place a $4 bet on the number 23 and have a StartFraction 1 Over 38 EndFraction probability of winning. If the metal ball lands on 23, 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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