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In the game of roulette, a player can place a $4 bet on the number 32 and have a probability of winning. If the metal ball lands on 32, the player gets to keep the 38 $4 paid to play the game and the player is awarded an additional $140. Otherwise, the player is awarded nothing and the casino takes the player's $4. 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.)

In the game of roulette, a player can place a $4 bet on the number 32 and have a probability of winning. If the metal ball lands on 32, the player gets to keep the 38 $4 paid to play the game and the player is awarded an additional $140. Otherwise, the player is awarded nothing and the casino takes the player's $4. 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.)

College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.CR: Chapter Review
Problem 75E
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In the game of roulette, a player can place a $4 bet on the number 32 and have a 1 probability of winning. If the metal ball lands on 32, the player gets to keep the 38 $4 paid to play the game and the player is awarded an additional $140. Otherwise, the player is awarded nothing and the casino takes the player's $4. 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.)
Transcribed Image Text:In the game of roulette, a player can place a $4 bet on the number 32 and have a 1 probability of winning. If the metal ball lands on 32, the player gets to keep the 38 $4 paid to play the game and the player is awarded an additional $140. Otherwise, the player is awarded nothing and the casino takes the player's $4. 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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