Exercise

Exercise 6. American Roulette winnings expected value

In the previous exercise, you generated a vector of random outcomes, \(S\), after betting on green 1,000 times.

What is the expected value of \(S\)?

Instructions

100 XP

Using the chances of winning $17 (p_green) and the chances of losing $1 (p_not_green), calculate the expected outcome of a bet that the ball will land in a green pocket over 1,000 bets.