Consider the following scenario. the twelve-number bet (a) Find the expected value of each $1 bet in roulette. (Round your answer to three decimal places.) dollars (b) Interpret it. (Round your answer to one decimal place.) Over time, you should expect to lose about cents for every dollar you bet.
Consider the following scenario. the twelve-number bet (a) Find the expected value of each $1 bet in roulette. (Round your answer to three decimal places.) dollars (b) Interpret it. (Round your answer to one decimal place.) Over time, you should expect to lose about cents for every dollar you bet.
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
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Consider the following scenario.
the twelve-number bet
(a) Find the expected value of each $1 bet in roulette. (Round your answer to three decimal places.)
dollars
(b) Interpret it. (Round your answer to one decimal place.)
dollars
(b) Interpret it. (Round your answer to one decimal place.)
Over time, you should expect to lose about cents for every dollar you bet.
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