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1 answer:
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Answer:
The expected value of the game to the player is -$0.2105 and the expected loss if played the game 1000 times is -$210.5.
Step-by-step explanation:
Consider the provided information.
It is given that if ball lands on 29 players will get $140 otherwise casino will takes $4.
The probability of winning is 1/38. So, the probability of loss is 37/38.
Now, find the expected value of the game to the player as shown:
Hence, the expected value of the game to the player is -$0.2105.
Now find the expect to loss if played the game 1000 times.
1000×(-$0.2105)=-$210.5
Therefore, the expected loss if played the game 1000 times is -$210.5.
For this case we have the following expression:
Rewriting the expression we have:
1) First we subtract the numbers within the parenthesis:
2) Then, we solve the exponents:
3) Then, multiplication:
4) Finally, the addition of numbers is made:
Answer:
the value of the expression is:
B: 29