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jb230
jb230
05.04.2020 • 
Mathematics

In the game of roulette, a player can place a $5 bet on the number 8 and have a StartFraction 1 Over 38 EndFraction
probability of winning. If the metal ball lands on 8, the player gets to keep the $5 paid to play the game and the player is awarded an additional $175. Otherwise, the player is awarded nothing and the casino takes the player's $5. 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

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