In the game of roulette, a player can place a $7 bet on the number 21 and have a 25 probability of winning. If the metal ball lands on 21, 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. 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 $. (Round to the nearest cent as needed.)

In the game of roulette, a player can place a $7 bet on the number 21 and have a 25 probability of winning. If the metal ball lands on 21, 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. 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 $. (Round to the nearest cent as needed.)

Name: In the game of roulette, a player can place a $7 bet on the number 21
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Description: In the game of roulette, a player can place a $7 bet on the number 21 and have a1probability of winning. If the metal ball lands on 21, the player gets to keep the $7 paid to play the game and the player is awarded an additional $245.38Otherwise, th

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter10: Sequences, Series, And Probability

Section10.8: Probability

Problem 68E

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