Roulette In the game of roulette, a player can place a $5

Chapter 6, Problem 31E

(choose chapter or problem)

Roulette In the game of roulette, a player can place a $5 bet on the number 17 and have a \(\frac{1}{38}\) probability of winning. If the metal ball lands on 17, the player wins $175. Otherwise, the casino takes the player’s $5. 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?

Equation Transcription:

Text Transcription:

\frac{1}{38}