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binomial distributions Chapter 5: Summary Worksheet 78 Chapter 5: Summary Worksheet 1. Roulette: There 40 slots in a roulette wheel, 19 are red, 19 are

binomial distributions

Chapter 5: Summary Worksheet 78 Chapter 5: Summary Worksheet 1. Roulette: There 40 slots in a roulette wheel, 19 are red, 19 are black, and 2 are green. If you place a $1 bet on red and win, you get $2 (your original $1 and an additional $1) returned. What is the expected value of a $1.00 bet on red. 19 40 = 0.475 - 1

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