A roulette wheel has 38 slots, numbered 0 through 36, with the remaining slot numbered 00. A b is released into the spinning roulette wheel and ends up in a random slot, with equal likelihood each slot, when the wheel spins down. Player wins $1 if the slot in which the ball ends up is number 19-36 and wins nothing otherwise. What is the expected value of Player's winnings? Round to 4 decimal places if needed.
A roulette wheel has 38 slots, numbered 0 through 36, with the remaining slot numbered 00. A b is released into the spinning roulette wheel and ends up in a random slot, with equal likelihood each slot, when the wheel spins down. Player wins $1 if the slot in which the ball ends up is number 19-36 and wins nothing otherwise. What is the expected value of Player's winnings? Round to 4 decimal places if needed.
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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Transcribed Image Text:QUESTION 3
A roulette wheel has 38 slots, numbered 0 through 36, with the remaining slot numbered 00. A ball
is released into the spinning roulette wheel and ends up in a random slot, with equal likelihood for
each slot, when the wheel spins down. Player wins $1 if the slot in which the ball ends up is numbered
19-36 and wins nothing otherwise. What is the expected value of Player's winnings?
Round to 4 decimal places if needed.
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