History Bookmarks Develop Window Help STA 108 Section 1 SP19 Kylah Mccollough&1 3/15/19 8:21 PM Quiz:...
History Bookmarks Develop Window Help STA 108 Section 1 SP19 Kylah Mccollough&1 3/15/19 8:21 PM Quiz: Quiz 6 Time Remaining: 00:3518 Submit Quiz This Question: 1 pt 11 of 13 (9 completol This Quiz: 13 pts possible A roulette wheel hes 38 numbers, with 18 odd numbers (black) and 18 even numbers (red), as well as 0 and 00 (which are green). If you bet $14 that the outcome is an 20 18 odd number, the probebility of losing the $14 s 3 and he probability of winning $28 for a net gain of only $14, given you aheady paid $14) is and (b) below Complete parts (a) a If a player bets $14 that the outoome is an odd number, what is the player's axpected value? The axpected valusdolars Round to the nearest cent as needed) b. Is the best option to bet $14 on odd or to not bet? why? Choose the comect answer belid O A Betting on odd is best because it has the highest expected value ○ B. Not benng isbest beca se t has te hghest expected value Oc. Betrg $14 on odd is best despite having a lower expected value than net beng. beting $14 on odd has a hgher possbe wn tan mt beng O D. Not betting is best despte having a lower expected value than beting $14 on odd, because not betting has a lower potential loss Click to select your answara) 3 4 5 6 8