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Help me When playing roulette at a casino, a gambler is trying to decide whether to bet $20 on the number 13 or to bet

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When playing roulette at a casino, a gambler is trying to decide whether to bet $20 on the number 13 or to bet $20 that the outcome is any one of the three possibilities 00, 0, or 1. The gambler knows that the expected value of the $20 bet for a single number is - $1.05. For the $20 bet that the outcome is 00, 0, or 1, there is a probability of . of making a net profit of $80 and a . probability of losing $20. a. Find the expected value for the $20 bet that the outcome is 00, 0, or 1. b. Which bet is better: a $20 bet on the number 13 or a $20 bet that the outcome is any one of the numbers 00, 0, or 1? Why? a. The expected value is $ 4 (Round to the nearest cent as needed.)

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