Math Problem Statement

One of the wagers in the game of roulette is to place a bet that the ball will land on a black number. (Eighteen of the numbers are black, eighteen are red, and two are green.) If the ball lands on a black number, the player wins the amount bet. If a player bets $5, find the player's expectation. (Round your answer to two decimal places.)

Solution

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Math Problem Analysis

Mathematical Concepts

Probability
Expectation in Games
Expected Value Calculation

Formulas

Expectation (E) = (Probability of Win * Win Amount) + (Probability of Loss * Loss Amount)

Theorems

Expected Value Theorem

Suitable Grade Level

Grades 10-12