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Chapter 6 Review Homework
5. In the game of roulette, a player can place a $6 bet on the number 35 and have a StartFraction 1 / 38 probability of winning. If the metal ball lands on 35,the player gets to keep the $6 paid to play the game and the player is awarded an additional $210. Otherwise, the player is awarded nothing and the casino takes the player’s $6
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?
The expected value is $ ____
The player would expect to lose about ___