Chapter 6 Review Homework Question 5 Answer

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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 ___

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This question is taken from Math 227 – Statistics » Summer 2021 » Chapter 6 Review Homework