In roulette, the numbers from 1 to 36 are evenly distributed between red and black. A player who bets $1 on black wins $1 (and gets the $1 bet back) if the ball comes to rest on black; otherwise (if the ball lands on red, 0, or 00), the $1 bet is lost. One option in a roulette game is to bet $19 on red. If the ball lands on red, you get to keep the $19 you paid to play the game, and you are awarded $21. If the ball lands elsewhere, you are awarded nothing, and the $19 that you bet is collected. What is the expected value of the game? The expected value for playing roulette if you bet $19 on red is approximately $ (Round to the nearest cent as needed.)

In roulette, the numbers from 1 to 36 are evenly distributed between red and black. A player who bets $1 on black wins $1 (and gets the $1 bet back) if the ball comes to rest on black; otherwise (if the ball lands on red, 0, or 00), the $1 bet is lost. One option in a roulette game is to bet $19 on red. If the ball lands on red, you get to keep the $19 you paid to play the game, and you are awarded $21. If the ball lands elsewhere, you are awarded nothing, and the $19 that you bet is collected. What is the expected value of the game? The expected value for playing roulette if you bet $19 on red is approximately $ (Round to the nearest cent as needed.)

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter8: Sequences, Series,and Probability

Section8.7: Probability

Problem 6ECP: In Pennsylvania’s Cash 5 game, a player chooses five different numbers from 1 to 43. If these five...

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