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3 35 When playing roulette at a casino, a gambler is trying to decide whether to bet $10 on the number 19 or to bet
3 35 When playing roulette at a casino, a gambler is trying to decide whether to bet $10 on the number 19 or to bet $10 that the outcome is any one of -53. For the $10 bet that the outcome is 00, 0, or 1, there is a probability of of making a net profit of $30 and a 3 probability of losing $10. 38 a. Find the expected value for the $10 bet that the outcome is 00, 0, or 1. b. Which bet is better: a $10 bet on the number 19 or a $10 bet that the outcome is any one of the numbers 00, 0, or 1? Why? a. The expected value is $ (Round to the nearest cent as needed.) thether to bet $10 on the number 19 or to bet $10 that the outcome is any one of the three possibilities 00, 0, or 1. The gambler knows that the expected value of the $10 bet for a single number is 35 robability of - of making a net profit of $30 and a probability of losing $10. 0, or 1 3 38 38 at the outcome is any one of the numbers 00, 0, or 1? Why? When playing data yg tide whether to be $10 on the number 13 or to bet 510 that the come is any one of the Bese possibles 000, or 1 The gambler knows that the expected value of the $10 bet for a single number is making -SM
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