7. In the game of American roulette, a player can place a d probability of winning. If the metal ...
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...
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 $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 $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...
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 $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 $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 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,...
Roulette: In the game of ro winning. If the metal ball lan player's $5. What is the expce much would you expect to lose? n the game of roulette, a player can place a $5 bet on the number 17 and have a 1/38 probability of the metal ball lands on 17, the player wins S180 (gain of $ 175) Otherwise, the casino takes the What is the expected value of the game to the player? If you played the...
5 (5) (15 points) Consider a simplified roulette with 3 numbers where the player is not betting on a specific number at each turn of the wheel but is winning or losing a fixed amount of money depending on which of the 3 numbers occurs. The roulette can be switched between two states A and B. The operator of the wheel is likely to select state A with probability 0.7 and state B with probability 0.3. When in state A...