In a popular casino game, you can bet one whether a ball will fall in an arc on a wheel colored red, black, or green. Say the probability of a red outcome is , that of a black outcome is , and that of a green outcome is. Suppose someone makes a $ bet on. Find the expected net winnings for this single bet. Interpret the result
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In a popular casino game, you can bet one whether a ball will fall in an arc on a wheel colored red,...
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