Question: When a roulette wheel is spun, the possible outcomes are 0, 00, 1, 2, ..., 36. If you bet on a number coming up, you
When a roulette wheel is spun, the possible outcomes are 0, 00, 1, 2, ..., 36. If you bet on a number coming up, you win $35 if your number comes up and you lose $1 otherwise. What is the mean and standard deviation of your winnings on a single play of the game?
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There are a total of 38 possible outcomes on a roulette whee... View full answer
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