document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1135315>Question 1135315</A>: <I><SPAN STYLE=\"word-break: break-all;\"> In the game of roulette, there is a wheel with spaces marked 0 through 36 and a space marked 00.<BR>\n" );
document.write( "a.)	Find the probability of winning if you pick the number 7 and it comes up on the wheel.<BR>\n" );
document.write( "b.)	Find the odds against winning if you pick the number 7.<BR>\n" );
document.write( "c.)	The casino will pay you $20 for every dollar you bet if your number comes up.  How much profit is the casino making on the bet?<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #752914 by </B><A HREF=/tutors/aboutme.mpl?userid=rothauserc><B>rothauserc(4718)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rothauserc><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=rothauserc><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=752914\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> wheel with spaces marked 0 through 36 and a space marked 00 means that there are 38 possible events<BR>\n" );
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document.write( "a) 1/38 = 0.0263 = 2.6%<BR>\n" );
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document.write( "b) 37 to 1 against winning<BR>\n" );
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document.write( "c) If your number 7 wins, you have a net gain of $19.  If your number 7 does not win, you lose the $1<BR>\n" );
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document.write( "expected value = 19(1/38) + (-1)(37/38) = -0.4736<BR>\n" );
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document.write( "The casino is making 47 cents profit on your $1 bet<BR>\n" );
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