Question
In the game of roulette, there are 18 red numbers, 18 black numbers, and 2 green numbers. There are many different ways to bet at
In the game of roulette, there are 18 red numbers, 18 black numbers, and 2 green numbers. There are many different ways to bet at the roulette table. one is to bet that the ball will land on a black number. If you put a dollar of black and it lands on black you get $2 back (gain of $1) if you put a dollar on black and it lands on red or green you lose your dollar.
A. Table for a bet on black
Ball lands on black-- gain or loss? Probability
Ball does not land on black-- gain or loss? Probability
B. Calculate the expected value of betting $1 on black. ( give your answer to the nearest cent)
C. This means that in the long run, a person can expect to _______(win or lose) about ______(give $ amount) each time the bet of $1 is made on black
D. If you were to make this bet 100 times. what should you expect to happen?
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