Take lett-Samantha Trevino Tones Secure https//www.mathxi com /Student/nayer est

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Take lett-Samantha Trevino Tones Secure https//www.mathxi com /Student/nayer estaspooltestid 1530 5159Bocentenwin 2017SP-MATH-2342-43400(43401) Quiz Quiz 6. 6.2 Tim Remaining: 000757 subma Quz This Question: 1 pt 2 of 10 complete This Quiz: 10 pts possible Inthe game of roulette, a player can place as10 bet on the number 35 and have a probability of winning r the metal bat lands on 35 the plaer gets to keep the stopadto the game and repayeris anted an additional $350 otherwise the player is awarded noeing and the casino takes the payers sto what expected value of the game to the player you played the game 1000 times how much would you expect to lose? The expected value is (Round to the nearest cert as needed) The player would expect to lose about s 315 (Round to the nearest cent as needed Enter your answer in each of the answer boxes OAsk me anthing

Explanation / Answer

If a player wins on betting on 35, the pay-off to him is 350+10 = 360.

If he loses, the loss is -10 .

E(x) = 360*1/38 + 37/38*(-10) = -10/38 = -0.263

For 1000 games, Expected value = n * E(x) = 1000 * -0.263 = -263 .

He is expected to lose 263 dollars on 1000 games

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