A modified roulette wheel has 36 slots. One slot is 0, another is 00, and the...
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A modified roulette wheel has 36 slots. One slot is 0, another is 00, and the others are numbered 1 through 34, respectively. You are placing a bet that the outcome is an odd number. (In roulette, 0 and 00 are neither odd nor even.) a. What is your probability of winning? The probability of winning is 17 36 (Type an integer or a simplified fraction.) b. What are the actual odds against winning? The actual odds against winning are 19:17. c. When you bet that the outcome is an odd number, the payoff odds are 1:1. How much profit do you make if you bet $14 and win? If you win, the payoff is s A modified roulette wheel has 36 slots. One slot is 0, another is 00, and the others are numbered 1 through 34, respectively. You are placing a bet that the outcome is an odd number. (In roulette, 0 and 00 are neither odd nor even.) a. What is your probability of winning? The probability of winning is 17 36 (Type an integer or a simplified fraction.) b. What are the actual odds against winning? The actual odds against winning are 19:17. c. When you bet that the outcome is an odd number, the payoff odds are 1:1. How much profit do you make if you bet $14 and win? If you win, the payoff is s
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