In the game of roulette, a player can place a $7 bet on the number 26 and have a 1/38 probability of winning. If the m
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In the game of roulette, a player can place a $7 bet on the number 26 and have a 1/38 probability of winning. If the m
In the game of roulette, a player can place a $7 bet on thenumber 26 and have a 1/38 probability of winning. If the metal balllands on 26 , the player gets to keep the $7 paid to play thegame 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 ofthe game. If x is the gain to a player in a game of chance, thenE(x) is usually negative. This value gives the average amount pergame the player can expect to lose.