A man went to Atlantic City with $500 and placed100 bets
Chapter , Problem 10-26(choose chapter or problem)
A man went to Atlantic City with $500 and placed100 bets of $5 each, one after another, on the samenumberon the roulette wheel. There are 38 numberson the wheel, and the gaming casino pays 35 timesthe amount bet if the ball drops into the bettorsnumbered slot in the roulette wheel. In addition, thebettor receives back the original $5 bet. Estimate how much money the man is expectedto win or losein Atlantic City.
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