MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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A roulette wheel has 38 numbers, with 18 odd numbers (black) and 18 even numbers (red), as well as 0 and 00 (which are green). You bet 5 dollars that the outcome is an odd number. If you win you get 10 dollars; otherwise you lose your 5 dollars. Note: assume the 0 and 00 numbers are considered even numbers.
a. What is your expected winnings?
b. Which of these options is best: bet on an odd number or don’t bet? Why?
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