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Mathematics 16 Online
OpenStudy (anonymous):

Heres another like this: In the game of roulette a player can place a 5 dollar bet on the number 27 and have a 1/38 probability of winning. If the metal ball lands on 27, the player gets to keep the 5 dollars and is awarded $175. Otherwise the player is awarded nothing and the casino takes the 5 dollars. 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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