(Answered) In the game of roulette a player can place a 7 bet on the

Statistics

In the game of? roulette, a player can place a ?$7 bet on the number 18 and have a 1/38 probability of winning. If the metal ball lands on 18?, the player gets to keep the ?$7 paid to play the game and the player is awarded an additional ?$245. ?Otherwise, the player is awarded nothing and the casino takes the? player's ?$7. 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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