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 : $
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 $9 bet on the number 28 and have a StartFraction 1 Over 38 EndFraction probability of winning. If the metal ball lands on 28, the player gets to keep the $9 paid to play the game and the player is awarded an additional $315. Otherwise, the player is awarded nothing and the casino takes the player's $9. What is the expected value of the game to the player? If...
In the game of roulette, a player can place a $10bet on the number 25and have a 1/38probability of winning. If the metal ball lands on 25, 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. Find the expected value E(x) to the player for one play of the game. If x is the gain to a...
In the game of roulette, a player can place a $10 bet on the number 16 and have a 1/38 chance of probability chance of winning. If the metal balls lands on 16, 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 takes the player's $10. What is the expected value of the game to the player? If...
In the game of roulette, a player can place a $99 bet on the number 11 and have a (1/38) probability of winning. If the metal ball lands on 11 the player gets to keep the $9 paid to play the game and the player is awarded an additional $315. Otherwise, the player is awarded nothing and the casino takes the player's $9. What is the expected value of the game to the player? If you played the game 1000...
In the game of roulette, a player can place a 55 bet on the number 9 and have a probability of winning. If the metal ball lands on 9, 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. What is the expected value of the game to the player? If you played the game 1000 times,...
In the game of roulette, a player can place a $5 bet on the number 6 and have a 1/38 probability of winning. If the metal ball lands on 6 , 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 . What is the expected value of the game to the player? The expected value...
In the game of roulette, a player can place a $10 bet on the number 6 and have a 1/38 probability of winning. If the metal ball lands on 6, 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...
7. In the game of American roulette, a player can place a d probability of winning. If the metal ball lands aS 5 bet on the manber 17 and h on 17, the player gets to keep the to play the game and the player is aware is awarded mothing, and the casino takes the player's s is "warded anadditional S 175-Oherwise, the player a probability distribution for the proft of the same to the plnyer JAptl b) What is...
In the game of roulette, when a player gives the casino $1 for a bet on the number 24, the player has a 37/38 probability of losing $1 and a 1/38 probability of making a net gain of $35. (The prize is $36, but the player's $1 bet is not returned, so the net gain is $35.) If a player bets $1 that the outcome is an odd number, the probability of losing $1 is 20/38 and the probability of...
In roulette, the numbers from 1 to 36 are evenly distributed between red and black. A player who bets $1 on black wins $1 (and gets the $1 bet back) if the ball comes to rest on black; otherwise (if the ball lands on red, 0, or 00), the $1 bet is lost. One option in a roulette game is to bet $11 on red. If the ball lands on red, you get to keep the $11 you paid to...