31. Roulette A roulette wheel contains 38 pockets the numbers 1 through 36, 0, and 00. The...
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31. Roulette A roulette wheel contains 38 pockets—
the numbers 1 through 36, 0, and 00. The wheel is spun and the “winning” pocket is recorded, with any one pocket just as likely as any other. Suppose you bet $5 on the number 18. The payoff on this type of bet is usually
$35 for a $1 bet. What is your expected gain?
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Related Book For 
Introduction To Probability And Statistics
ISBN: 9780357114469
15th Edition
Authors: William Mendenhall Iii , Robert Beaver , Barbara Beaver
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