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Mathematics, 20.03.2020 02:00 Orlandon220
In the game of roulette, a player can place a $8 bet on the number 24 and have a 1/38 probability of winning. If the metal ball lands on 24, 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. 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?
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