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Finding Expected Value In Exercise, find the expected net
Chapter 4, Problem 37E(choose chapter or problem)
Problem 37E
Finding Expected Value In Exercise, find the expected net gain to the player for one play of the game. If x is the net gain to a player in a game of chance, then E(x) is usually negative. This value gives the average amount per game the player can expect to lose.
In American roulette, the wheel has the 38 numbers, 00, 0, 1, 2, . . ., 34, 35, and 36, marked on equally spaced slots. If a player bets $1 on a number and wins, then the player keeps the dollar and receives an additional $35. Otherwise, the dollar is lost.
Questions & Answers
QUESTION:
Problem 37E
Finding Expected Value In Exercise, find the expected net gain to the player for one play of the game. If x is the net gain to a player in a game of chance, then E(x) is usually negative. This value gives the average amount per game the player can expect to lose.
In American roulette, the wheel has the 38 numbers, 00, 0, 1, 2, . . ., 34, 35, and 36, marked on equally spaced slots. If a player bets $1 on a number and wins, then the player keeps the dollar and receives an additional $35. Otherwise, the dollar is lost.
ANSWER:
Answer
Step 1 of 1
(a)
We are asked to find the expected net gain to the player for one play of the game
In American roulette, the wheel has the 38 numbers,00, 0, 1, 2,.......34, 35, and 36, marked on equally spaced slots.
If a player bets $1 on a number and wins, then the player keeps the dollar and receives an additional $35. Otherwise, the dollar is lost.
Let denote the random variable which defined the net gain to a