In the game of roulette, a player can place a $10 bet on the number 17 and have a 38 probability of winning. If the metal ball lands on 17, the player gets to keep the $10 paid to play the game and...


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In the game of roulette, a player can place a $10 bet on the number 17 and have a<br>38<br>probability of winning. If the metal ball lands on 17, the player gets to keep the $10 paid to play the game and the player<br>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<br>much would you expect to lose?<br>.....<br>The expected value is $<br>(Round to the nearest cent as needed.)<br>The player would expect to lose about $<br>(Round to the nearest cent as needed.)<br>

Extracted text: In the game of roulette, a player can place a $10 bet on the number 17 and have a 38 probability of winning. If the metal ball lands on 17, 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.) The player would expect to lose about $ (Round to the nearest cent as needed.)

Jun 06, 2022
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