4. A roulette wheel used in a U.S. casino has 38 slots, of which 18 are red, 18 are black, and 2 are green. A roulette wheel used in a French casino has 37 slots, of which 18 are red, 18 are black,...


4. A roulette wheel used in a U.S. casino has 38 slots, of which 18 are red, 18 are black, and 2<br>are green. A roulette wheel used in a French casino has 37 slots, of which 18 are red, 18 are<br>black, and 1 is green. A ball is rolled around the wheel and ends up in one of the slots with<br>equal probability. Suppose that a player bets on red. If a $1 bet is placed, the player wins<br>$1 if the ball ends up in a red slot. (The player's $1 bet is returned.) If the ball ends up in<br>a black or green slot, the player loses $1. Find the expected value of this game to the player<br>in (a) The United States. (b) France. Translation: X in the US has the pmf f (1) = 18/38<br>and f (-1) = 20/38. What is E[X] in the US? X in France has the pmf f (1) = 18/37 and<br>f (-1) = 19/37. What is E [X] in France?<br>

Extracted text: 4. A roulette wheel used in a U.S. casino has 38 slots, of which 18 are red, 18 are black, and 2 are green. A roulette wheel used in a French casino has 37 slots, of which 18 are red, 18 are black, and 1 is green. A ball is rolled around the wheel and ends up in one of the slots with equal probability. Suppose that a player bets on red. If a $1 bet is placed, the player wins $1 if the ball ends up in a red slot. (The player's $1 bet is returned.) If the ball ends up in a black or green slot, the player loses $1. Find the expected value of this game to the player in (a) The United States. (b) France. Translation: X in the US has the pmf f (1) = 18/38 and f (-1) = 20/38. What is E[X] in the US? X in France has the pmf f (1) = 18/37 and f (-1) = 19/37. What is E [X] in France?

Jun 10, 2022
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