ZuoTi.Pro
Question

In the American version of the Game Roulette, a wheel has 18 black slots, 8 red...

In the American version of the Game Roulette, a wheel has 18 black slots, 8 red slots and 2 green slots.  All slots are the same size.  In a carnival game, a person wagers $2 on the roll of two dice.  A person can wager on either red or black.  Green is reserved for the house. If a player wagers $5 on either red or black and that color comes up, they win $10 otherwise they lose their wager.  What is the expected value of playing the game once?

If you can do it with the chart of x , p(x) , x.p(x) that would be great

math   Statistics-And-Probability   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

0 0
Add a comment
Know the answer?
Add Answer to:
In the American version of the Game Roulette, a wheel has 18 black slots, 8 red...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Need to show work 14. The casino game of American Roulette consists of a circular wheel...

    Need to show work 14. The casino game of American Roulette consists of a circular wheel with 38 spots. Thirty six of the spots are numbered 1, 2, 3, .., 36. Eighteen of these numbers are colored black and the other eighteen are colored red. The remaining two spots are colored green with no number assignment. If you play a color (either red or black), the casino will pay you even odds. That is, if you play black and wager...

  • An American roulette wheel contains 38 numbers: 18 are red, 18 are black, and 2 are...

    An American roulette wheel contains 38 numbers: 18 are red, 18 are black, and 2 are green. When the roulette wheel is spun, the ball is equally likely to land on any of the 38 numbers. Suppose that you bet $10 on red. If the ball lands on a red number, you win $10; otherwise you lose $10. Let X = the amount that you win.

  • On a roulette wheel, there are 38 slots, 18 of which are colored black. If you...

    On a roulette wheel, there are 38 slots, 18 of which are colored black. If you bet $5 on black and win, you get $10 back. If black doesn’t come up, you lose your $5. Find the expected value of playing the game 100 times.

  • In the game of roulette in the United States a wheel has 38 slots: 18 slots...

    In the game of roulette in the United States a wheel has 38 slots: 18 slots are black, 18 slots are red, and 2 slots are green. Then P(red)= 18 ~0.47. This is an example of what type of probability?

  • (5.31) A roulette wheel has 38 slots, of which 18 are black, 18 are red, and...

    (5.31) A roulette wheel has 38 slots, of which 18 are black, 18 are red, and 2 are green. When the wheel is spun, the ball is equally likely to come to rest in a any of the slots. Gamblers can place a number of different bets in roulette. One of the simplest wagers chooses red or black. A bet of $1 on red will pay off an additional dollar if the ball lands in a red slot. Otherwise, the...

  • Question 6 0/1.6 pts A roulette wheel has 15 red slots, 15 black slots, and 2 green slots. When i...

    Question 6 0/1.6 pts A roulette wheel has 15 red slots, 15 black slots, and 2 green slots. When it is spun, a metal ball has an equal chance to land in each slot. A bet on red pays even money, i.e., if the ball lands in a red slot you win an amount equal to your bet and if the ball does not land in a red slot you lose the amount you bet. You bet $1 on red...

  • AN American roulette wheel contains, 38 slots: 18 red, 18 black, and 2 green. A casino...

    AN American roulette wheel contains, 38 slots: 18 red, 18 black, and 2 green. A casino has purchased a new wheel and they want to know if there is any evidence that the wheel is unfair. They spin the wheel 100 times and it lands on red 44 times, black 49 times, and green 7 times. Do a chi- square testing (goodness of fit) to see if we have sufficient evidence at 5% that the proportions are what is expected...

  • 2. An American roulette wheel contains 38 numbers: 18 are red, 18 are black, and 2...

    2. An American roulette wheel contains 38 numbers: 18 are red, 18 are black, and 2 are green. When the roulette wheel is spun, the ball is equally likely to land on any of the 38 numbers. Suppose that you bet $1 on red. If the ball lands on a red number, you win $1; otherwise you lose your $1. Let X be the amount you win on your $1 bet. (b) Find the expected value of the random| variable...

  • Question 3 0/1.6 pts A roulette wheel has 16 red slots, 16 black slots, and 2 green slots. When i...

    Question 3 0/1.6 pts A roulette wheel has 16 red slots, 16 black slots, and 2 green slots. When it is spun, a metal ball has an equal chance to land in each slot. A bet on red pays even money, i.e., if the ball lands in a red slot you win an amount equal to your bet and if the ball does not land in a red slot you lose the amount you bet. You come to the roulette...

  • 9. In the American version of the game of roulette, a wheel consists of 38 slots...

    9. In the American version of the game of roulette, a wheel consists of 38 slots numbered 0, 00, 1, 2, … , 36. To play the game, a metal ball is spun around the wheel and is allowed to fall into one of the numbered slots. A “street” bet is a bet on three consecutive numbers (e.g. 11, 12, and 13 – if the ball lands on any of these, the player wins). If the payout for a “street”...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT