Question: Can you help me answer these two questions? Use the information below for questions 9-10. When in Germany, Amy was considering playing a game of
Can you help me answer these two questions?


Use the information below for questions 9-10. When in Germany, Amy was considering playing a game of roulette with 18 red, 18 black, and 1 green slots. The chances of the ball stopping at each slot is equal. Amy can place bets on red or black. If the ball stops on Amy's color, she doubles her money. Otherwise, her money is lost.Q9. Suppose she bets $6 on red on a single round. What is the expected value and standard deviation of her total winnings? (1.5 points) Q10. Suppose she bets $2 on red in three different rounds. What is the expected value and standard deviation of her total winnings? (1.5 points)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
