In the game of roulette, a player bets $5 on a number and has a 1/38 chance of winning. If he wins, he receives $175. If he loses, he receives nothing. a) What is the expected value of this game? b) If someone plays roulette 1000 times, how much money should they expect to lose?
In the game of roulette, a player bets $5 on a number and has a 1/38 chance of winning. If he wins, he receives $175. If he loses, he receives nothing. a) What is the expected value of this game? b) If someone plays roulette 1000 times, how much money should they expect to lose?
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.8: Probabilities Of Disjoint And Overlapping Events
Problem 2C
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In the game of roulette, a player bets $5 on a number and has a 1/38 chance of winning. If he wins, he receives $175. If he loses, he receives nothing.
a) What is the
b) If someone plays roulette 1000 times, how much money should they expect to lose?
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