1519 involve computing expected values in games of chance. Another option in a roulette

Chapter 11, Problem 17

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Exercises 15–19 involve computing expected values in games of chance.


Another option in a roulette game (see Example 6 on page 753) is to bet $1 on red. (There are 18 red compartments, 18 black compartments, and 2 compartments that are neither red nor black.) If the ball lands on red, you get to keep the $1 that you paid to play the game and you are awarded $1. If the ball lands elsewhere, you are awarded nothing and the $1 that you bet is collected. Find the expected value for playing roulette if you bet $1 on red. Describe what this number means.

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