Roulette A roulette wheel has 38 numbers, 1 through 36, 0, and 00. One-half of the numbers from 1 through 36 are red, and the other half are black; 0 and 00 are green. A ball is rolled, and it falls...


Roulette A roulette wheel has 38 numbers, 1 through<br>36, 0, and 00. One-half of the numbers from 1 through<br>36 are red, and the other half are black; 0 and 00 are<br>green. A ball is rolled, and it falls into one of the<br>38 slots, giving a number and a color. The payoffs<br>(winnings) for a $1 bet are as follows:<br>Red or black $10<br>Odd or even $1 00<br>1-18<br>9-36<br>$35<br>$35<br>$1 Any single number $35<br>$17<br>$1 0or 00<br>If a person bets $1, find the expected value for each.<br>a. Red<br>b. Even<br>c. 00<br>d. Any single number<br>e. 0 or 00<br>

Extracted text: Roulette A roulette wheel has 38 numbers, 1 through 36, 0, and 00. One-half of the numbers from 1 through 36 are red, and the other half are black; 0 and 00 are green. A ball is rolled, and it falls into one of the 38 slots, giving a number and a color. The payoffs (winnings) for a $1 bet are as follows: Red or black $10 Odd or even $1 00 1-18 9-36 $35 $35 $1 Any single number $35 $17 $1 0or 00 If a person bets $1, find the expected value for each. a. Red b. Even c. 00 d. Any single number e. 0 or 00

Jun 01, 2022
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