Mathematics

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27 April, 05:08

In the game of roulette, a player can place a $4 bet on the number 22 and have a 1/38 probability of winning. If the metal ball lands on 22, the player gets to keep the $4 paid to play the game and the player is awarded $140. Otherwise, the player is awarded nothing and the casino takes the players $4. 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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