This Question: 1 pt This Quiz: 13 pts possib Question rep on the number 16 and h

Question

This Question: 1 pt This Quiz: 13 pts possib Question rep on the number 16 and have a probablty f wening hawarded noting andthe casino takes players$5What is-enpoded the motal ball ands on 16, the player gets to keop the $5 paid to play the gase and the player is awarded an addtions alue of the game tothe player? " you played t e game 1000 times how much would you The expected value is Round to the nearest cent as needed ) The player would expect to lose about Round to the nearest cent as needed O. 8 5

Explanation / Answer

Solution:-
=> The Expected value is $-0.2632

E(x) = 175(1/38) + (-5)*(37/38) = (175-185)/38 = -10/38 = -0.2632

=> The player would expect to lose about $-2632.2

1000*-0.2632 = -263.2

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