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.
Step-by-step explanation:

Answer:
The way I was taught to do it is to change value into a total fraction, then multiple the numerators together, multiply the denominators together, and finally reduce as far as possible.
7/9 x 5 2/5 = 7/9 x 27/5 = 189/45 = 4 9/45 = 4 1/5
1 3/4 x 4 1/6 = 7/4 x 25/6 = 175/24 = 7 7/24
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