One option in a roulette game is the bat one dollar on red there are 18 red compartments 18 black compartments in to compartment star neither read nor black if the ball lands on read you get to keep the one dollar and paid to the play the game and you are awarded One dollar. If the ball lands elsewhere you are awarded nothing in the one dollar that you bet is collected. A) what is the expected value for playing Roulette if you bet one dollar on red. B) what does this expected value mean choose the correct statement. 1. Over the long run the player can expect to break even 2. The value represents the expected loss over the long run for each game played 3. This value represents the expected went over the long one for each game played
One option in a roulette game is the bat one dollar on red there are 18 red compartments 18 black compartments in to compartment star neither read nor black if the ball lands on read you get to keep the one dollar and paid to the play the game and you are awarded One dollar. If the ball lands elsewhere you are awarded nothing in the one dollar that you bet is collected. A) what is the expected value for playing Roulette if you bet one dollar on red. B) what does this expected value mean choose the correct statement. 1. Over the long run the player can expect to break even 2. The value represents the expected loss over the long run for each game played 3. This value represents the expected went over the long one for each game played
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