When playing roulette at a casino, a gambler is trying to decide whether to bet $15 on the number 29 or to bet $15 that the outcome is any one of the three possibilities 00, 0, or 1. The gambler knows...

Extracted text: When playing roulette at a casino, a gambler is trying to decide whether to bet $15 on the number 29 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 35 3 single number is -$1.58. For the $15 bet that the outcome is 00, 0, or 1, there is a probability of a8 of making a net profit of $45 and a 3 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 29 or a $15 bet that the outcome is any one of the numbers 00, 0, or 17 Why? a. The expected value is $ (Round to the nearest cent as needed.)