One option in a roulette game is to bet $19 on red. (There are 18 red compartments, 18 black compartments, and two compartments that are neither red nor black.) If the ball lands on red, you get to keep the $19 you paid to play the game and you are awarded $19. If the ball lands elsewhere, you are awarded nothing and the $19 that you bet is collected. Find the expected payback for this roulette game if you bet $19 on red. The expected payback is $ (Round to the nearest cent as needed.)

One option in a roulette game is to bet $19 on red. (There are 18 red compartments, 18 black compartments, and two compartments that are neither red nor black.) If the ball lands on red, you get to keep the $19 you paid to play the game and you are awarded $19. If the ball lands elsewhere, you are awarded nothing and the $19 that you bet is collected. Find the expected payback for this roulette game if you bet $19 on red. The expected payback is $ (Round to the nearest cent as needed.)

Algebra and Trigonometry (MindTap Course List)

4th Edition

ISBN:9781305071742

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter14: Counting And Probability

Section14.CR: Chapter Review

Problem 9CC: a Suppose that a game gives payouts a1,a2,...,an with probabilities p1,p2,...pn. What is the...

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