Statistics Homework Expected value.? - roulette expected value
Please help me with this issue.
in the game of roulette, a player can win a bet of $ 6 ranked No. 18 and a chance of 1 / 38. If the metal ball 18, the player wins $ 210 Otherwise, the casino players make $ 6. What is the expected value of the game for the player? If the game is losing 1,000 times How can you expect to?
Sunday, January 3, 2010
Roulette Expected Value Statistics Homework Expected Value.?
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expected value of the game = $ (210 * 1 to 6 * 38) / 38 = $ - (9 / 19)
Games of 1000, the expected loss = 1000 * 9 / 19 = $ 473.68
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