Question: Get solution A modified roulette wheel has 36 slots. One slot is 0, another is 00, and the others are numbered 1 through 34, respectively.
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A modified roulette wheel has 36 slots. One slot is 0, another is 00, and the others are numbered 1 through 34, respectively. You are placing a bet that the outcome is an even number. (In roulette, O and 00 are neither odd nor even.) a. What is your probability of winning? 17 The probability of winning is a (Type an integer or a simplified fraction.) b. What are the actual odds against winning? The actual odds against winning are 19:17. c. When you bet that the outcome is an even number, the payoff odds are 1:1. How much profit do you make if you bet $18 and win? lf you win, the payoff is $ 18. d. How much profit should you make on the $18 bet if you could somehow convince the casino to change its payoff odds so that they are the same as the actual odds against winning? $| | (Round to the nearest cent as needed.)Step by Step Solution
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