1 In the game of roulette, a player can place a $7 bet on the number 13 and have a probability of winning. If the metal ball lands on 13, the player gets to keep the $7 paid to play the game and the player is awarded an additional $245. Otherwise, the player is awarded nothing and the casino takes the player's $7. 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 the nearest cent as needed.) The player would expect to lose about $. (Round to the nearest cent as needed.)
1 In the game of roulette, a player can place a $7 bet on the number 13 and have a probability of winning. If the metal ball lands on 13, the player gets to keep the $7 paid to play the game and the player is awarded an additional $245. Otherwise, the player is awarded nothing and the casino takes the player's $7. 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 the nearest cent as needed.) The player would expect to lose about $. (Round to the nearest cent as needed.)
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Section8.7: Probability
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In the game of roulette, a player can place a $7 bet on the number 13 and have a
probability of winning. If the metal ball lands on 13, the player gets to keep the $7 paid to play the game and the player is awarded an additional $245.
38
Otherwise, the player is awarded nothing and the casino takes the player's $7. 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.)
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