Navigation » List of Schools, Subjects, and Courses » Math 227 – Statistics » Chapter 6 Review Homework » Chapter 6 Review Homework Question 5
With Answers Good news! We are showing you only an excerpt of our suggested answer to this question. Should you need our help in customizing an answer to this question, feel free to send us an email at 
or chat with our customer service representative.
Chapter 6 Review Homework Question 5
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 ___