Question

ollar on the number 4. (8 pts) You play roulette betting one dollar on the 5 each time. The bet pays 35 to 1. You have a 1 in 38 chan win. On average, you will lose playing this game and each play will cost you approximately- cents. (Round to the nearest cent) Suppose you play roulette 64 times, betting a dollar on the number 5 each time, your expected net gain is dollars.

Answer 1

solution. The formula for standaod deviation is, standard deviation 16) - Esti = 5+5+5+8+8 = 31, nos { (2-2)² = 15-6-23² + (5-6.2 ² + 15-6-2 & 18-6-23² + 18-6-2) ? = 10.5 standard deviationl ) = /10.3 = 1.46969 standard deviation (6) = +47 1:4697 | (round to four decimal place)