Reference no: EM132845904

In the game of? roulette, a player can place a ?$8 bet on the number 14 and have a 1/38 probability of winning. If the metal ball lands on 14?, the player gets to keep the ?$8 paid to play the game and the player is awarded an additional ?$280. ?Otherwise, the player is awarded nothing and the casino takes the? player's ?$8. Find the expected value? E(x) to the player for one play of the game. If x is the gain to a player in a game of? chance, then? E(x) is usually negative. This value gives the average amount per game the player can expect to lose.

The expected value is ?$____

?(Round to the nearest cent as? needed.)