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Chrome-Do Homework-4.1 Basics of Probably mylab.pearson.com/Student/PlayerHomework.aspx?homeworkid=669877145&questionid=1&flushed=false&cid=7711608¢erwin-yes 1 Basics of Probability Question 13, 4.1.42 Part 4 of 4 HW Score: 85.33%, 12.8 of 15 points
Chrome-Do Homework-4.1 Basics of Probably mylab.pearson.com/Student/PlayerHomework.aspx?homeworkid=669877145&questionid=1&flushed=false&cid=7711608¢erwin-yes 1 Basics of Probability Question 13, 4.1.42 Part 4 of 4 HW Score: 85.33%, 12.8 of 15 points Points: 0.8 of 1 A modified roulette wheel has 28 slots. One slot is 0, another is 00, and the others are numbered 1 through 26, respectively. You are placing a bet that the outcome is an even K number. (In roulette, 0 and 00 are neither odd nor even.) a. What is your probability of winning? The probability of winning is 13 28 (Type an integer or a simplified fraction.) b. What are the actual odds against winning? The actual odds against winning are 15:13. c. When you bet that the outcome is an even number, the payoff odds are 1:1. How much profit do you make if you bet $18 and win? If you win, the payoff is $18. d. How much profit should you make on the $18 bet if you could somehow convince the casino to change its payoff odds so that they are the same as the actual odds against winning? $20.77 (Round to the nearest cent as needed.) Save M M US A Feb 18 7:23-
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