A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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nor black.) If
One option in a roulette game is to bet $15 on red. (There are 18 red compartments, 18 black compartments, and two compartments that are neither
the ball lands on red, you get to keep the $15 you paid to play the game and you are awarded $15. If the ball lands elsewhere, you are awarded nothing and the $15
that you bet is collected. Complete parts (a) through (b) below.
a. What is the expected value for playing roulette if you bet $15 on red?
$ (Round to the nearest cent.)
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Transcribed Image Text:nor black.) If One option in a roulette game is to bet $15 on red. (There are 18 red compartments, 18 black compartments, and two compartments that are neither the ball lands on red, you get to keep the $15 you paid to play the game and you are awarded $15. If the ball lands elsewhere, you are awarded nothing and the $15 that you bet is collected. Complete parts (a) through (b) below. a. What is the expected value for playing roulette if you bet $15 on red? $ (Round to the nearest cent.)
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