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