in the game of roulette a player can place a 8 bet on the number16 and have a 138 probability of

1. If the player wins, they get to keep their $8 and win an additional $280, so they have a tota

Question

In the game of roulette, a player can place an $8 bet on the number 16 and has a 1/38 probability of winning. If the metal ball lands on 16, the player gets to keep the $8 paid to play the game and is awarded an additional $280. Otherwise, the player is awarded nothing and the casino takes the player's $8. What is the expected value of the game to the player? If you played the game 1000 times, how much would you expect to lose? Note that the expected value is the amount, on average, one would expect to gain or lose each game. The expected value is $____.

          In the game of roulette, a player can place an $8 bet on the number 16 and has a 1/38 probability of winning. If the metal ball lands on 16, the player gets to keep the $8 paid to play the game and is awarded an additional $280. Otherwise, the player is awarded nothing and the casino takes the player's $8. What is the expected value of the game to the player? If you played the game 1000 times, how much would you expect to lose? Note that the expected value is the amount, on average, one would expect to gain or lose each game. The expected value is $____.

Added by James M.

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