SOLUTION: A roulette wheel has 38 slots numbered 00, 0, 1, 2, ..., 35, 36. Eighteen of the slots numbered 1 through 36 are red and eighteen are black. The 00 and 0 slots are green. The ball

Question 1026012: A roulette wheel has 38 slots numbered 00, 0, 1, 2, ..., 35, 36. Eighteen of the slots numbered 1 through 36 are red and eighteen are black. The 00 and 0 slots are green. The ball is spun around the wheel until it falls into one of the slots. When a gambler bets $1 on a single number and wins, he gets $36 back (i.e. his net winnings are $35). Find the expected value of this game (in dollars).
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!
There are 38 numbers available.
So the probability of winning is 1/38 and of losing is 37/38.

So you expected values is a loss of a little more than a nickel.

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