Expected winnings in roulette. In the popular casino game of roulette, you can bet on whether the
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Expected winnings in roulette. In the popular casino game of roulette, you can bet on whether the ball will fall in an arc on the wheel colored red, black, or green. You showed
(Exercise 3.171, p. 205) that the probability of a red outcome is 18/38, that of a black outcome is 18/38, and that of a green outcome is 2/38. Suppose you make a $5 bet on red. Find your expected net winnings for this single bet.
Interpret the result.
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Related Book For 
Statistics Plus New Mylab Statistics With Pearson Etext Access Card Package
ISBN: 978-0134090436
13th Edition
Authors: James Mcclave ,Terry Sincich
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