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Mathematics, 13.03.2021 06:10 TheSillyMichael1566
In the game of roulette, a player can place a $8 bet on the number 11 and have a 1/38 probability of winning. If the metal ball lands on 11, the player gets to keep the $8 paid to play the game and the player is awarded an additional $280. Otherwise, the player is awarded nothing and the casino takes the player's $8. Find the expected value E(x) to the player for one play of the game. If x is the gain to a player in game of chance, then E(x) is usually negative. This value gives the average amount per game the player can expect to lose.
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