When casinos advertise that their slot machines pay out an average of 90 percent, the fine Suppose you start with $100 and bet a dollar at a time, for example. Missing: fractions.
In order to calculate the expected value of this game, weight the outcomes by their . A slot machine pays out $1 with probability 5%, $100 with.
The probability of an event can be represented as a fraction, decimal, or percent. .. ing four numbers pays $100, picking five numbers pays and picking six By doing this calculation, we see that we expect to lose an average of 27¢ . What does it mean for the expected value of a $1 slot machine to be.