Answer
$-\$0.0526$
Work Step by Step
$P(\text{Win}) =\dfrac{1}{38}$
The expected value is:
$36\times\dfrac{1}{38} -1 = -0.0526$.
The expected outcome is $-\$0.0526$.
College Algebra 7th Edition
by Stewart, James; Redlin, Lothar; Watson, Saleem
Published by
Brooks Cole
ISBN 10:
1305115546
ISBN 13:
978-1-30511-554-5
Chapter 9, Counting and Probability - Section 9.4 - Expected Value - 9.4 Exercises - Page 680: 13
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