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en playing roulette at a casino, a gambler is trying to decide whether to bet $10 on the number 18 or to bet $10 that

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en playing roulette at a casino, a gambler is trying to decide whether to bet $10 on the number 18 or to bet $10 that the outcome is any one of the five possibilities 00, 0, 1, 2, or 3. The gambler knows that the expected value of the $10 bet for 33 ngle number is - 534. For the $10 bet that the outcome is 00, 0, 1, 2, or 3, there is a probability of go of making a net profit of $50 and a 20 probability of losing $10. Find the expected value for the $10 bet that the outcome is 00, 0, 1, 2, or 3. Which bet is better: a $10 bet on the number 18 or a $10 bet that the outcome is any one of the numbers 00, 0, 1, 2, or 3? Why? The expected value is s ound to the nearest cent as needed.)

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