You want to play a game in a carnival. According to the rule, you have to pay $5 each time for playing the game once. You will win $50 if the ball is landed at ‘00’, $25 at ‘0’ and $3 on each number from 1 – 36. Assuming that the probability is equal for the ball landing into each number, what is the expected value for each time you play this game? Interpret the result.
