Question

A roulette wheel has 38 numbers, 1 through 36, 0, and 00. One-half of the numbers from 1 through 36 are red, and the other half are black; 0 and 00 are green. A ball is rolled, and it falls into one of the 38 slots, giving a number and a color. The payoffs (winnings) for a $1 bet are as follows:?
Red or black $1 0 $35
Odd or even $1 00 $35
1–18 $1 Any single number $35
9–36 $1 0 or 00 $17
If a person bets $1, find the expected value for each.
a. Red
b. Even
c. 00
d. Any single number
e. 0 or 00


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  • CreatedSeptember 02, 2015
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