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Exercise

Exercise 6. American Roulette per bet expected value

What is the expected value of \(Y\), the average outcome per bet after betting on green 10,000 times?

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.
  • Use the expected value formula rather than a Monte Carlo simulation.
  • Print this value to the console (do not assign it to a variable).