Mathematics, 29.06.2019 04:30 UltimateGoal

Awheel has 38 numbers, 1, 2, 3, . . , 38. a player picks a number and bets $20. the wheel is spun, and if the player's number results, he or she is paid $700 (and gets to keep the $20 bet). if another number results, the house keeps the $20. suppose a typical player bets on 60 spins per hour. what is the expected net gain per hour for the house on each player?

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Awheel has 38 numbers, 1, 2, 3, . . , 38. a player picks a number and bets $20. the wheel is spun,...