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## 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?

Statistics and Probability, Statistics

• Category:- Statistics and Probability
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