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

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When playing roulette at a casino, a gambler is trying to decide whether to bet $10 on the number 10 or to bet $10 that the outcome is any one of the three possibilities 00, 0, or 1. The gambler knows that the expected value of the $10 bet for a single number is - $1.06. For the $10 bet that the outcome is 00, 0, or 1, there is a probability of 3 38 of making a net profit of $40 and a probability of losing $10. a. Find the expected value for the $10 bet that the outcome is 00, 0, or 1. b. Which bet is better: a $10 bet on the number 10 or a $10 bet that the outcome is any one of the numbers 00, 0, or 1? Why

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