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Mathematics, 24.02.2022 20:30 theo39

Practice33 When playing roulette at a casino, a gambler is trying to decide whether to bet on the number 33 or to bets that the outcome be any one of the five possibilities 00, 0, 1, 2 of 3. The gamble knows that the expected value of
the $5 bet for a single number is - 536. For the $S bet that the outcome is 00,0.12, or 3 there is a probability of te of making a net profit of $30 and a probability of losing 55
a. Find the expected value for the 35 bet that the outcome is 00, 0, 1, 2, 3
b. Which bet is better a 35 bet on the number 33 or a 55 bet that the outcome is any one of the numbers 00, 0.1.2013 Why?

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Practice33 When playing roulette at a casino, a gambler is trying to decide whether to bet on the...
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