document.write( "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). \n" ); document.write( "
Algebra.Com's Answer #641274 by Fombitz(32388)![]() ![]() You can put this solution on YOUR website! There are 38 numbers available. \n" ); document.write( "So the probability of winning is 1/38 and of losing is 37/38. \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "So you expected values is a loss of a little more than a nickel. \n" ); document.write( " \n" ); document.write( " |