One option in a roulette game is to bet $11 on red. (There are 18 red compartments,

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One option in a roulette game is to bet $11 on red. (There are 18 red compartments, 18 black compartments, and two compartments that are neither red nor black.) If the ball lands on red, you get to keep the $11 you paid to play the game and you are awarded $11. If the ball lands elsewhere, you are awarded nothing and the $11 that you bet is collected. Complete parts (a) through (b) below.

a. What is the expected value for playing roulette if you bet $11 on red?

Posted Date: May 18, 2024 02:14 PM

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One option in a roulette game is to bet $11 on red. (There are 18 red compartments,

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