Each number has an equal chance of turning up. You just multiply the outcomes of the random variable by the respective probabilites of the outcomes occuring. We use the above information with the formula for expected value.
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Expected Value and GamblingStatistics professor demonstrates how to calculate the Expected Value in a game of roulette. It's the right way to go about it, but there are two bugs: The value of a win is 1, not 2. The expected outcome after 18 rounds is 18 times the. The probability of getting a 7 red is Thus, the expectation of one game is: E=35⋅−1⋅=− Now, realize that what happens in.