Question

her Roulette can certainly increase our chances of winning if we been colorido allows us to bet on either red or black and if the number is that color wewn This ney in most casinos. This means that for each dollar we het we will win ito ning color. So, if we bet SS and win, we would keep us and win 5 more. If we whatever amount of money we bet, just as before be probability that we will win on a single win if webct on red? What is the the probability that we will lose on a single spin if we bet on red? What is the If we het 560 on het $60 on the winning color, how much money will we win? Is this more or less than will win by betting $8 on our favorite number? Explain why, What is the expected value of a bet on red if we bet SI? For a 55 bel, what is the expected value of a bet on red? What is the expected value of a bet on red if we het STO? in the newers to the last three questions?

Answer 1

solution :- - P(Red) = favourable outcome = 18 19 Total outcomes 6 P ( Red =1-P (Red) O we will win 1860 on winning colour we will win 8x36 = 1$288 it we bet on wimming number, Hence, we will more money by betting $8 on a number. F(x) = (0) (%) +(-1) 5) I-T lig P we can expect to loose I dollar if we bel- onred. 15 ® 6(y) = 5* (3) + (-1) 1:3) B 13 E(-) E (x) z 10Y 189) + (-10 (13) - lox 19 IS)