9. Find the standard deviation of a one dollar European Roulette bet. For European roulette, a single number wins 1/37 and loses 36/37. The expected value is -14 + 35- -0.027 for each unit bet (2.70%...

Extracted text: 9. Find the standard deviation of a one dollar European Roulette bet. For European roulette, a single number wins 1/37 and loses 36/37. The expected value is -14 + 35- -0.027 for each unit bet (2.70% house edge). What is your optimal bet for this game? What is the optimal bet from the house's point of view, assuming a house bank of 10 million dollars?