5.1.28 Question Help ▼ When playing roulette at a casino, a gambler is trying to decide whether to bet $15 on the number 16 or to bet $15 that the outcome is any one of the three possibilities 00, 0,...

Extracted text: 5.1.28 Question Help ▼ When playing roulette at a casino, a gambler is trying to decide whether to bet $15 on the number 16 or to bet $15 that the outcome is any one of the three possibilities 00, 0, or 1. The gambler knows that the expected value of the $15 bet for a single number is -0.79¢. For the $15 bet that the outcome is 00, 0, or 1, there is a 3 35 probability of 38 of making a net profit of $60 and a probability of losing $15. a. Find the expected value for the $15 bet that the outcome is 00, 0. or 1. b. Which bet is better; a $15 bet on the number 16 or a $15 bet that the outcome is any one of the numbers 00, 0, or 1? Why? a. The expected value is $ (Round to the nearest cent as needed.) (1,0) More Enter your answer in the answer box and then click Check Answer. part remaining Clear All Final Check P Pearson 1:21 PM ENG search 3/18/2021 24 9% & backspace home %23 7. 8 R Y enter F J. K pause M alt ctrl USE YOUR SMARTPHONE FO Reviews Videss Featu Specs Support ト