This Question: 1 pt 4 12 of 20 (19 complete) This Quiz: 20 pts possible Question

Question

This Question: 1 pt 4 12 of 20 (19 complete) This Quiz: 20 pts possible Question Help * in the game of roulette, a player can place a se bet on the numbar 25 and hsve 8 3 protesbity of winming. i the metal bal lanics on 25, the playsr gsts to kaap the S6 paid to play the game and the player is awarded an addtional $210. Otherwise, the plsyer is awarded nothing and the casino takes the players S5. What s the expacted value of the game to the player? If you payed the game 1000 times, trow much wuld you expet to lose? The expected value i8 $ Round to the nearest cont as needed.) The player would expect to lose about Round to the nearest cent as reeded.) Enter your answer in each of the answer boxes

Explanation / Answer

P(winning 210)=1/38
P(losing 6)=37/38

a)
Expected value=210*(1/38)+(-6)*(37/38)=-0.32

b)
The player is expected to lose about $0.32

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