In the game of roulette, a player can place a $9 bet on the number 3 and have a probability of winning. If the metal bal
Posted: Tue Jul 05, 2022 9:19 am
In the game of roulette, a player can place a $9 bet on the number 3 and have a probability of winning. If the metal ball lands on 3, the player gets to keep the 1 38 $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. 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.)