Determine a casino's expected net income from a 24-hour period at a single roulette table if the casino's total overhead for the table is $50 per hour and if customers place a total of $7,000 on single-number bets, $4,000 on two-number bets, $4,000 on four-number bets, $3,000 on six-number bets, $7,000 on low-number bets, and $8,000 on red-number bets. (Assume the expected value of each of these $1 bets in roulette is -$0.053.)$

Determine a casino's expected net income from a 24-hour period at a single roulette table if the casino's total overhead for the table is $50 per hour and if customers place a total of $7,000 on single-number bets, $4,000 on two-number bets, $4,000 on four-number bets, $3,000 on six-number bets, $7,000 on low-number bets, and $8,000 on red-number bets. (Assume the expected value of each of these $1 bets in roulette is -$0.053.)$

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter2: Systems Of Linear Equations

Section2.4: Applications

Problem 28EQ

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