Mathematics, 02.05.2021 23:10 angelicar1160

One option in a roulette game is to bet $1 on red. (There are 18 red compartments, 18 black compartments, and two compartments that are neither red nor black.) If the ball lands on red, you get to keep the $1 you paid to play the game and you are awarded $1. If the ball ands elsewhere, you are awarded nothing and the $1 that you bet is collected. Complete parts (8) through (b) below. n. What is the expected value for playing roulette if you bet $1 on red? $(Round to the nearest cont.) What is the expected value for playing roulette if you bet one dollar on red.

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One option in a roulette game is to bet $1 on red. (There are 18 red compartments, 18 black compartm...