In the game of roulette, a player can place a $8 bet on the number 9...
In the game of roulette, a player can place a $8 bet on the number 9 and have a 1/ 38 probability of winning. If the metal ball lands on 9, the player gets to keep the $8 paid to play the game and the player is awarded an additional $280. Otherwise, the player is awarded nothing and the casino takes the player's $8. 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 : $
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In the game of roulette, a player can place a $8 bet on the
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